US close to several trade deals, announcements to be made in next days, Bessent says
Bessent told CNN's 'State of the Union' program that the Trump administration would also send out letters to 100 smaller countries with whom the US doesn't have much trade, notifying them that they would face higher tariff rates first set on April 2 and then suspended until July 9.
'President Trump's going to be sending letters to some of our trading partners saying that, if you don't move things along, then on August 1, you will boomerang back to your April 2 tariff level. So I think we're going to see a lot of deals very quickly,' Bessent said.
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Arab News
an hour ago
- Arab News
Dual citizenship concerns simmer below the surface
Nearly 7 million Americans have sworn allegiance to another country besides the US, data shows. Some might brush off the issue of dual citizenship because it only impacts about 3 percent of America's population. But compare that with the No. 1 concern of many Americans today: the 11.7 million foreigners who have entered the country and are living there illegally. Why is the issue of illegal migration so much more of a concern for American political leaders than the issue of swearing an oath of loyalty to a foreign country? Both were in the news last week, but they were addressed very differently by both politicians and by the mainstream news media. Congress on Thursday passed President Donald Trump's 'One Big Beautiful Bill,' which sets aside more than $170 billion for immigration and border enforcement. However, the new law does not address the issue of dual citizenship. But this took center stage at the White House the same day, when the president greeted Edan Alexander, a dual American-Israeli citizen and soldier in the Israeli military who was held hostage by Hamas after being captured during the Oct. 7, 2023, terrorist attack. Born and raised in New Jersey, the 21-year-old moved to Israel in 2022, where he swore an oath of allegiance to Israel to gain citizenship. He then enlisted in the army and was serving as a staff sergeant when he was captured. He was freed by Hamas in May in an apparent goodwill gesture as part of negotiations to secure a ceasefire. During the White House meeting, no mention was made of the fact that he had never served in the US military to defend America. Pro-Israel propaganda has extensively used Alexander's US citizenship to fuel anti-Arab sentiments. It asserts that Hamas and Palestinians generally are not just anti-Israel, they are also anti-American. But the real question is, can someone who pledges loyalty and patriotism to a foreign country truly be an American? As a Palestinian American who served during the Vietnam War, whose brother served in the US Marines and whose father and uncle served during the Second World War fighting the Nazis, why is our loyalty questioned but not Alexander's — a person who has never served America but has served a foreign country? Ironically, the loyalty of Americans of Arab heritage like myself — and especially those who are Muslim — is often questioned, challenged and even used as a basis to confront our expressions of concern for Israel's war crimes and genocide in the Gaza Strip over the past two years. The real question is, can someone who pledges loyalty and patriotism to a foreign country truly be an American? Ray Hanania Arab and Muslim students protesting Israel's Gaza war on college campuses have been viciously attacked and accused of antisemitism. The US Justice Department has launched efforts to expel them. Most American politicians prefer to avoid the issue of dual citizenship, but they pounce on false accusations of anti-Americanism by pro-Palestine students. While pro-Israel propaganda has suppressed public debate over the treachery of a person swearing dual national loyalties, the issue continues to force its way into public debates. In March, Republican Rep. Thomas Massie introduced legislation — the Dual Loyalty Disclosure Act — that, if it were to become law, would require Americans who run for federal office to declare if they have citizenship of a foreign country. 'Dual citizens elected to the United States Congress should renounce citizenship in all other countries,' said Rep. Massie. 'At a minimum, they should disclose their citizenship in other countries and abstain from votes specifically benefiting those countries. If we are going to continue to allow members of Congress to acquire and retain citizenship in other countries, they should at least be required to disclose to voters all countries of which they consider themselves to be citizens." The bill is co-sponsored by, among others, Reps. Andy Biggs, Marjorie Taylor Greene and Clay Higgins, all supporters of Trump who have been vocal about opposing excessive foreign aid to all countries, including Israel, and redirecting those funds to 'American needs.' Dual citizenship is an issue of patriotism for every nation. Why should people who enjoy citizenship and benefits in one country be able to pledge their loyalty to another country and serve in its military? It is an expression of that person's lack of faith in the country in which they live. It is like having a plan B: just in case things do not go well in one country, they can use their dual citizenship to flee to another country and to be loyal to it instead. Dual citizenship is a political contradiction that challenges the foundation of national loyalty. It should be banned, not just in America but in every country around the world.
ArabGT
4 hours ago
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ArabGT
4 hours ago
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Trump Policy Reversals Trigger Rush in EV Sales Across USA
Electric vehicle sales in the United States are seeing an unexpected surge this quarter, driven by the looming expiration of federal tax credits. As part of sweeping policy changes initiated by President Donald Trump's administration, major incentives under the Inflation Reduction Act—such as the $7,500 EV tax credit and the $45/kWh battery subsidy—are set to end on September 30. This has prompted a rush among consumers to purchase electric cars before the financial benefits disappear. President Trump, a long-time critic of electric vehicles, has targeted green transportation policies as symbolic of left-wing agendas. His decision to roll back clean energy subsidies has created both irony and tension. Many of the now-defunded projects were located in Republican-dominated states, meaning that the communities most affected by the cuts are also those that supported the policy shift. Tesla, which stands to benefit from a short-term sales boost, is among the most vulnerable to the long-term consequences. Elon Musk—who had previously supported Trump—now faces challenges as his vehicles lose affordability. The company's LFP battery plant, which uses Chinese components, may also be disqualified under new sourcing requirements tied to the remaining battery incentives. The broader EV industry is also feeling the pressure. Ford and Tesla both reported a drop in electric vehicle sales in Q2, while GM experienced a small increase in market share. Rivian, which had relied on commercial EV credits and ZEV (Zero Emission Vehicle) credits to remain financially stable, could see its revenue streams shrink substantially once those benefits are eliminated. While some last-minute buyers are fueling a third-quarter boom, industry leaders are bracing for a downturn after October 1. Tesla, in particular, has tried to rebrand itself as a technology company focused on autonomy and energy—but until non-automotive ventures generate significant revenue, EV sales remain its core business. There is still hope that political pressure from major automakers could force a reconsideration of the policy. However, Trump's consistent opposition to EVs—and his recent tensions with Musk—make any reversal uncertain. For now, the spike in EV sales in USA may offer a brief reprieve for the industry. But the long-term outlook remains clouded by shifting policies, economic headwinds, and fading federal support.
