Latest news with #USInvolvement
Bloomberg
19 hours ago
- Business
- Bloomberg
Bloomberg Wall Street Week: Critical Thinking
This week, how will the United States' involvement in the Iran-Israel war affect markets and hopes for cooperation in the Middle East? And, an interview with the Director of the Congressional Budget Office on the agency's role in predicting the fiscal impact of the "Big Beautiful Bill." Plus, will President Trump's "Gold Card" attract foreign investment to the US? Later, how Zohran Mamdani's success in the New York City mayoral primary election tells the story of the shift within the Democratic party and what it means for business in the city.
Bloomberg
20 hours ago
- Business
- Bloomberg
Middle East Tensions, CBO Track Record, US Gold Card, NYC Mayoral Primary
This week, how will the United States' involvement in the Iran-Israel war affect markets and hopes for cooperation in the Middle East? And, an interview with the Director of the Congressional Budget Office on the agency's role in predicting the fiscal impact of the "Big Beautiful Bill." Plus, will President Trump's "Gold Card" attract foreign investment to the US? Later, how Zohran Mamdani's success in the New York City mayoral primary election tells the story of the shift within the Democratic Party and what it means for business in the city. (Source: Bloomberg)
Free Malaysia Today
4 days ago
- Business
- Free Malaysia Today
With Iran, Trump places the biggest bet yet in his high-stakes presidency
Donald Trump, for now, appeared to have been successful in his effort to avoid deeper US involvement in the Iran-Israel conflict and broker a ceasefire. (AP pic) WASHINGTON : Like the casino owner he once was, President Donald Trump has shown an appetite for risk during the first months of his administration. The US airstrike on Iran, however, may represent Trump's largest gamble yet. While the potential for political reward is high and largely dependent on whether Trump can maintain the fragile peace he is trying to forge between Iran and Israel, experts say, there is a downside risk of events spiralling out of Trump's control while a skeptical American public watches. For now, Trump appears to have won his bet that he could limit US involvement and force the parties to a ceasefire. 'He wagered,' said Firas Maksad, managing director for the Middle East and North Africa practice at Eurasia Group. 'Things went his way.' It remains to be seen whether the ceasefire will hold. Early Tuesday, Trump expressed frustration that Israel had launched an attack on Tehran hours after the president had declared a break in the hostilities. If the agreement doesn't stick – or if Iran ultimately retaliates militarily or economically – Trump risks fragmenting the America First coalition that helped power him back into office by rendering what his movement stands for increasingly nebulous and ill-defined. 'If six months from now, Iran continues to be a problem, it will grind down the MAGA coalition,' said Chris Stirewalt, a political analyst with the conservative American Enterprise Institute. Trump, in a sense, has already diluted the MAGA brand, Stirewalt said, by doing what he swore on the campaign trail he wouldn't: involve the US in another conflict in the Middle East. And Trump's messaging may already show the challenges that could be faced with winning approval from his base. Last Thursday, Trump said he would take as long as two weeks to determine whether the US would join the war on Israel's side, arguing the time was needed to lower the temperature. Instead, two days later, he approved the bomber run, not only likely catching the Iranians off guard but many Americans as well. His choice to hit Iran could also pose problems for whichever Republican tries to claim his mantle in the next presidential election. 'In 2028, the question of foreign intervention will be a dividing line. It will be a litmus test as people struggle to define what MAGA is,' Stirewalt said. The White House largely left it to vice president JD Vance, one of the most isolationist members of the administration, to defend the Iranian strike on a Sunday news programme. Vance is viewed as one inheritor of the MAGA movement after Trump leaves office, and would be forced to reconcile his support of the strike with his personal politics. Betting big Iran has not been the only example of where Trump has bet big and the payoff remains elusive. His on-again-off-again use of tariffs has sparked uncertainty in markets and stoked inflation fears. His efforts to slash the government bureaucracy have lost momentum with the departure of Elon Musk from his circle of advisers. His hardline immigration push sparked protests across the country. But if Trump does succeed in his efforts to push Iran to abandon its nuclear weapon ambitions, it would make for a legacy-building achievement in a region that has bedeviled US presidents for decades and seen the nation pulled into wars in Iraq and Afghanistan. Trump campaigned on ending the 'forever wars' – which may be one reason why the American public appears to be jittery about his aggression toward Iran. A Reuters/Ipsos poll released on Monday, and conducted before the ceasefire was announced, showed that only 36% of those surveyed supported the strikes against Iran's nuclear programme. Overall, Trump's approval rating fell to 41%, a new low for his second term. His foreign policy received even lower marks. Dave Hopkins, an expert on US politics at Boston College, said that with his seemingly sudden move to launch an attack, Trump neglected to make a case in advance to the American people that the strike was in US interests. 'We have not seen discussion of Iran as a major enemy of the US or a threat to the US,' Hopkins said. The White House defended Trump's actions as vital and successful. 'In just 48 hours, President Trump accomplished what his predecessors have only dreamed about – Iran's nuclear capabilities are obliterated following the flawless execution of Operation Midnight Hammer, a ceasefire has been brokered to conclude the '12-Day-War,' and the entire world is safer. Americans can sleep well at night knowing that our nation is secure because President Trump is in charge,' Anna Kelly, a White House spokeswoman, said. Promises, promises Trump's boast that he had forced a ceasefire was part of a pattern, Hopkins said. As a candidate, Trump promised he could end the wars in Ukraine and Gaza, but has since discovered he cannot bend Moscow and Jerusalem to his will. In fact, in striking Iran, Trump followed Israel's lead, not vice versa. The strike fits with how Trump has approached his second term, with a willingness to govern in broad strokes and act boldly without widespread public backing. He does not need to worry about facing voters again and works with a largely compliant Republican-controlled congress. Along that line, the first months of Trump's tenure have seen him fire thousands of government workers, green-light immigration raids and deportations that have provoked protests and eroded blue-collar workforces, erect trade barriers on the flow of goods – and now, bomb a Middle Eastern nation. Political payback may not happen immediately, said Allison Stanger, a political scientist at Middlebury College, but could come in the form of continued civic unrest in America or Democratic gains in next year's midterm elections. 'Trump's political risk isn't immediate escalation,' Stanger said. 'It's the slow burn of resentment he has built across multiple fronts, both foreign and domestic.'
Forbes
4 days ago
- Politics
- Forbes
‘I Don't Want It,' Trump Says About Regime Change In Iran
President Donald Trump said a regime change in Iran would be 'chaos' and he doesn't want it on Tuesday, days after floating the idea, contradicting top administration officials who have repeatedly said regime change is not the goal of U.S. involvement in the conflict. President Donald Trump speaks to the press before his departure at the White House to The Hague on ... More June 24, 2025, in Washington D.C. (Photo by Celal Gunes/Anadolu via Getty Images) Anadolu via Getty Images Trump made the statement hours after blasting Israel and Iran and accusing them of violating the terms of a ceasefire agreement. This is a developing story and will be updated.
CBS News
5 days ago
- Politics
- CBS News
North Texas Jewish, Iranian voices react to conflict
Gadi Cohen's mother is his go-to for news on his family in Israel. She lives in Arlington but keeps tabs on what's happening in the conflict between Israel, Iran, and now, the United States. "My mom checks with them daily basis," Gadi Cohen. "And I call my mom and say, 'how's everybody, and everything.'" He and his wife are reluctant to bring unnecessary attention to their business, Milk & Honey Jerusalem Market and Grill. "Personally, a very small part is worried about what's going to happen over here," Amy Cohen said. "We're more worried about what's happening over there." The 58-year-old said her husband, Gadi, talks to his mother multiple times daily, and they are all watching the news. So far, their family has not been injured, but watching the conflict is difficult. "A lot of times we have the news playing all day, whether that's calming or more anxiety-inducing, I'm not sure," Amy Cohen said. It's the same feeling for Iranians in North Texas who are watching two countries take on their native government. Homeira Hesami is the chairwoman of the Iranian-American Community of North Texas. Hesami and her members said the nuclear conversation in her country has been going on for 20 years. "Unfortunately, you know, the Western countries, collectively, they fail to do their job and stop the regime. And that's where we are right now," Hesami said. Hesmai is watching her people struggle through a battle with two separate countries. While it hurts, she said it's necessary to remove the current regime. "So, it's unfortunate, but a nuclear Iran is very dangerous. It's dangerous to its own people, it's dangerous to the region, and it's dangerous to the world," Hesami said. An ongoing conflict could take its toll on the Cohen's business and customers. "Because our products come from Israel. So if there's more warfare going on, more missiles, more destruction, is that going to affect our supply?" Amy Cohen said. "Will we be able to give customers a little taste of home?" The couple said they remain customer-focused. Trying not to let their anxiety or worries rub off, no matter who walks in the door. "We don't ask people their nationality or religious preferences or political views," Amy Cohen said. "We just ask, what would you like? Would you like a falafel?"
