Sunday, April 6, 2025
Economist: Trump's Tariffs Do Not Include Oil And Gas, Making Iraq Immune To Their Impact., 6 APRIL
Economist: Trump's Tariffs Do Not Include Oil And Gas, Making Iraq Immune To Their Impact.
Time: 2025/04/04 23:58:20 Reading: 345 times {Economic: Al Furat News} Economic expert Salah Nouri confirmed that the
customs duties announced by US President Donald Trump
do not include oil, gas, and their derivatives,
which leaves Iraq immune from the impact of these duties. Nouri told Al Furat News that
the current decline in oil prices is due to market fears of a trade war.
He explained that the outbreak of such a war could lead to a
slowdown in global
economic growth and, consequently, a
decline in demand for oil and gas, particularly from China and India. He pointed out that
Iraq is indirectly affected by the
decline in oil prices, as well as the
strict measures imposed by the US Treasury on dollar transfers resulting from oil sales, which are implemented by the US Federal Reserve.
https://alforatnews.iq/news/خبير-اقتصادي-رسوم-ترامب-لا-تشمل-النفط-والغاز-ما-يجعل-العراق-بمنأى-عن-تأثيرها
MILITIAMAN: Iraqi Dinar: Urgency to Resume Oil Exports - Global Trade Corridor, 6 APRIL
MILITIAMAN: Iraqi Dinar: Urgency to Resume Oil Exports - Global Trade Corridor
Highlights
Summary
In this video transcript, the speaker discusses Iraq’s readiness to engage as an international player within the global financial system.
The analysis revolves around various key political and economic developments, particularly emphasizing the role of Prime Minister Muhammad Shia al-Sudani and influential regional cleric Grand Ayatollah Ali al-Sistani.
The transcript addresses critical issues like Iraq’s oil exports through the crucial pipeline to Turkey, challenges concerning water resources, and potential tariffs affecting trade relationships.
It touches on the implications of Iraq’s political confrontations with Iran, and new U.S. legislative measures aimed at granting Iraq more independence from Iranian influence.
Additionally, the conversation highlights the significance of the Development Road project, which is framed as an ambitious plan designed to assert Iraq’s strategic position as a trade corridor.
The video strongly concludes that a digital and efficient financial system is being cultivated in Iraq, which could lead to substantial transparency and economic reform. The discussion touches on Iraq’s hope for reforms in agriculture and tourism, while also hinting at the importance of Iraq’s cultural heritage, leadership structure, and regional alliances.
📈 Iraq’s International Readiness: Iraq is poised to enter the global financial system with backing from high-ranking officials.
🌍 Strategic Meetings with Turkey: Prime Minister al-Sudani’s visit to Turkey signifies economic and security cooperation amidst regional tensions.
💧 Water Resource Negotiations: Water issues emerge as a crucial negotiation point among Iraq, Turkey, and neighboring regions.
⚖️ Legislative Push Against Iranian Influence: U.S. congressional efforts are underway to reduce Iranian political sway in Iraq, affecting internal dynamics.
🔗 Development Road Project: Aiming to position Iraq as a global trade corridor, this crucial initiative aims for significant economic transformation.
💻 Digital Financial System Initiatives: Transitioning towards digital finance could elevate transparency and accountability in Iraq’s economic engagements.
👥 United Front Against Corruption: The government’s commitment to addressing past corruption offers hope for the future integrity of Iraq’s financial governance.
Key Insights
📊 Iraq’s Entry into Global Markets: The discussion illuminates Iraq’s efforts to reintegrate into the global financial ecosystem. The support from both Prime Minister al-Sudani and Grand Ayatollah al-Sistani indicates a cultural and political shift towards liberalizing the economy. Such backing is vital as Iraq seeks to establish its credibility in international markets, potentially attracting foreign investments.
🌐 Critical Regional Relationships: The visit to Turkey is not merely about economic discussions; it addresses broader geopolitical stability in a region fraught with conflict. The emphasis on securing borders and fostering mutual security highlights Iraq’s desire for responsible governance that could establish a conducive investment environment.
🚰 Water as a Bargaining Chip: Water resources serve as a significant political and economic issue, especially given Iraq’s reliance on Turkey for its water supply. The conversation hints at a pressing need to address water rights and access, underlining how essential fresh water will be in negotiating power dynamics within the framework of the development projects.
🤝 Declining Iranian Influence: The legislative actions from U.S. lawmakers signal a growing desire to alter Iraq’s political landscape, emphasizing a break from Iranian dominance. This could shift not just internal politics but also reflect on Iraq’s foreign policy and trade alignment, potentially opening avenues for new partnerships.
🏗️ Development Road Initiative’s Broad Impacts: This project embodies Iraq’s ambitions to position itself as a strategic trade hub, reconnecting its historical geographical advantages with modern economic strategies. It promotes infrastructure investments that could revitalize regional trade.
🖥️ Towards Digital Transformation: The measurement of efficiency and transparency in the country’s oil sector through a digital financial system can curb corruption and enhance trust among stakeholders. This transition reflects global trends towards digitization in finance and governance.
👥 National Unity Against Past Challenges: Emphasis on national cultural heritage by religious leaders is vital for fostering unity among Iraqis. A cohesive societal fabric, as encouraged by influential clerics, can facilitate smoother political reforms and economic initiatives, building trust and resilience within Iraq’s society amid historical adversities.
In summary, the video presents a comprehensive overview of Iraq’s imminent political and economic transformations, signifying a strategic shift towards independence, modernization, and a collective effort to lay the groundwork for sustainable development and a transparent governance structure. The underlying narrative indicates cautious optimism for Iraq’s future, driven by the determination of its leaders and the resilience of its people in overcoming decades of challenges.
Iraqi government takes 4 steps on Trump taxes, 6 APRIL
Iraqi government takes 4 steps on Trump taxes
Shafaq News / The Iraqi government took several steps on Saturday to confront the tariffs imposed by US President Donald Trump, while revealing that most Iraqi exports to America are made through the markets of other countries.
The Media Office of Prime Minister Mohammed Shia Al-Sudani said in a statement received by Shafaq News Agency that “Al-Sudani chaired a meeting dedicated to studying the economic and commercial implications of the decision of the United States government of America, to increase the customs tariff on their imports of goods from the countries of the world, and the repercussions of this step on the entire world economy, on crude oil prices, and the extent to which the Iraqi economy is affected in this regard.”
He added that “the meeting reviewed the digital data issued by the Ministry of Commerce, which reveals that the percentage of raising the US customs tariff on Iraqi goods was based on the difference in the trade balance between the two countries, and not because of the customs duties imposed by Iraq on American goods.”
He continued, “It became clear, through the data of the Ministry of Commerce, that the bulk of Iraq’s imports from American goods are through the markets of other countries, as a result of some policies of American companies that they follow in dealing with Iraq.”
He pointed out that “in light of these data, and in order to ensure the best path for the development of the Iraqi economy, the Prime Minister directed to take the necessary measures, as dictated by the supreme interests of the Iraqi economy; as follows: First, work to develop mutual trade relations, by opening outlets for distributors and American commercial agencies, activating Iraqi commercial agencies, and dealing directly between the sectors facing the United States of America.”
Second: “Work on developing banking services between the banking and financial sectors in Iraq and the United States of America, to ensure the achievement of mutual economic interests, and thirdly: Directing the talks team with the American side to review the foundations of the commercial relationship with the United States, with the aim of improving it, and to ensure the construction of balanced economic and commercial relations that ensure mutual interests between the two parties, and develop a positive partnership.”
In the fourth directive: The ministries of Foreign Affairs, Finance, Trade, and those concerned, open a dialogue with the corresponding American sectoral side, to ensure the strengthening of trade relations, following up financial markets and economic expertise houses, and submitting weekly reports to his office.
https://www.shafaq.com/ar/سیاسة/الحكومة-العراقية-تتخذ-4-خطوات-بش-ن-ضرا-ب-ترامب
TIDBIT FROM FRANK26, 6 APRIL
Frank26
I'm seeing the price of oil go down dramatically. It's bad enough when it was in the $70s. I believe it hit $63...
You know what that's going to do to the budget tables?
Maybe it's good. Wouldn't that put a little fire under the new exchange rate to come out as quickly as possible?
IMO the revealing of the new exchange rate, the showing of the new lower notes must all be done together in coordination, in synchronization.
In the past I used to think that maybe we could have one and then the other followed by very quickly but based on what we're seeing, no, coordination, synchronization, together because if you do one, then you do the other.
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