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An Evenhanded Analysis of Trump"s Economic Policies

Expect offsetting impacts of deregulation, lower tax rates, and tariffs-but also great uncertainty.

 

Thursday, December 19, 2024  8 min read

By: Mickey D. Levy

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An Evenhanded Analysis of Trump"s Economic Policies

By: Mickey D. Levy

Assessments of the impacts of President-elect Trump"s economic policies are just as polarized as the political arguments of the recent campaign. Trump"s detractors provide deeply negative economic estimates of his policy statements on tariffs and immigration. The Trump camp sees only clear skies, stronger economic growth, and buoyed prosperity.

Drawing on the history of Trump"s first term, an evenhanded assessment of the four pillars of Trump"s current economic platform-higher tariffs and tough anti-China policies; extending the 2017 tax cuts; deregulation and increasing government efficiency; and deporting immigrants-suggests that there will be offsetting pluses and minuses.  The net economic impacts are most likely somewhere in between the most pessimistic prognostications and the rosy scenario envisioned by the Trump team. There are many key uncertainties and risks.

 

 

 


Why people are against isreal


Wikipedia

Criticism of Israel - Wikipedia
Israel has been criticized for issues surrounding its establishment when most of Mandatory Palestine"s Arab population fled or were expelled in 1948, the conduct of its armed forces in the Arab-Israeli conflict, establishment and expansion of illegal Israeli settlements in the Palestinian territories, its treatment of ...

 


Europea n re

 

AM EDT, Tue April 1, 2025European Commission President Ursula von der Leyen speaks at the European Parliament in Strasbourg, France, on April 1, 2025. Ronald Wittek/EPA-EFE/ShutterstockLondonCNN - 

Europe has "a strong plan" for striking back at the United States in response to Donald Trump"s tariff hikes "if necessary," a top official said Tuesday on the eve of a long-anticipated announcement of massive import levies by the US president.

For weeks, Trump has promoted April 2 as "Liberation Day" in America, when anumber of hefty tariffs will be unveiled to implement his administration"s radical economic agenda. The United States has already announced a sharp increase in tariffs on all imports of steel, aluminum and cars.

"Europe has not started this confrontation," Ursula von der Leyen, the head of the European Union"s executive, said in a speech. "We do not necessarily want to retaliate but, if it is necessary, we have a strong plan to retaliate and we will use it."

On Monday, White House press secretary Karoline Leavitt said Trump would reveal his tariff plan in a press conference Wednesday. She did not provide any details about what he would announce but suggested, as Trump has said repeatedly, that the president could unveil reciprocal tariffs, matching other countries" tariffs dollar for dollar.

In her speech, von der Leyen, president of the European Commission, said Europe was "open to negotiations."

"We will approach these negotiations from a position of strength. Europe holds a lot of cards, from trade to technology to the size of our market," she continued. "But this strength is also built on our readiness to take firm countermeasures if necessary. All instruments are on the table."

Von der Leyen did not provide further details of how the EU might retaliate but last month the bloc already walked the talk: Itresponded to Trump"s steel and aluminum tariffs by unveiling countermeasures on up to €26 billion ($28 billion) worth of American goods exports, including tariffs on boats, bourbon and motorbikes.

The European Commission is also a powerful regulator that has not hesitated to hit big US tech companies with heavy fines and other bills in the past - a fact not lost on Trump, who in February released anexecutive action threatening to take aim at countries that levy "unfair fines and penalties" against American innovators. The proclamation labeled such regulation "overseas extortion" and threatened higher tariffs in retribution.

The EU has been a big buyer of US exports - last year, it was the largest single market for US goods exports, ahead of America"s neighbors Canada and Mexico, based onfigures from the United States Census Bureau.

Both Europe and the US have a lot at stake in the escalating trade dispute. In 2024, America was the biggest buyer of European goods, with imports ranging from pharmaceutical products and cars to alcoholic drinks and telecommunications equipment, according to official EU data. The EU, meanwhile, was America"s biggest source of goods imports last year, the US figures showed.

In February, von der Leyen emphasized the importance of the US-EU trading relationship. "The whole trade volume between us is $1.5 trillion," she said in aspeech, also noting that 1 million American jobs depended directly on trade with Europe.

Asian countries prepare retaliation, too

China, Japan and South Korea are also readying retaliation against Trump"s looming tariffs. They plan to announce retaliatory tariffs in lockstep, Chinese state broadcaster CCTV said Monday.

The three Asian countries held economic talks Sunday for the first time in five years, vowing to bolster fair trade and strengthen economic ties among them - just days before the US is set to announce sweeping tariffs on all trading partners.

On Wednesday, Trump said he would unveil wide-ranging tariffs that match the ones foreign countries impose on the US - so-called reciprocal tariffs. Long-time US allies, such as South Korea, won"t be spared, Trump has said.

"South Korea"s average tariff is four times higher," Trump said last month in his joint address to Congress. "Think of that: four times higher. And we give so much help militarily and in so many other ways to South Korea, but that"s what happens."

Meanwhile, Trump has renewed trade tensions with China, levying 20% duties on the country, on top of the tariffs he already imposed in his first term. China has responded swiftly to Trump"s tariffs, imposing 15% duties on chicken, wheat, corn and cotton imports from the US.

CNN"s Bryan Mena contributed to this report.

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HAZART FATIMA MASUMAH(S.A)

 

 

Father"s name: Imam Musa al-Kazim(A.S.)

Mother"s name: Najma Khatoon mother of Imam Reza (A.S.)

Died: at the age 28, in Qum on 10th Rabi al-Thani, 201 A.H.

Buried: in the holy shrine in the holy city of Qum
HADRAT FATIMA MASUMAH (S.A.)

Noble Descent:

Hadrat Fatima Masumah (S.A.) the Blessed and the Gracious Divine Lady from the Holy Ahlul Bayt (A.S.) was born in the holy city of Medina on the First Day of the month of Dhu al-Qa"dah 173 A.H. His holy father was Imam Musa al-Kazim (A.S.), the Seventh Holy Imam and Imam Reza (A.S.), the Eighth Holy Imam was her elder brother. Hadrat Fatima Masumah (S.A.) was the most learned scholar and very pious lady and was greatly revered by the Holy Imams (A.S.). She was buried in the holy city of Qum (Iran) and her holy shrine is every year visited by millions of the lovers of Holy Ahlul Bayt (A.S.).
The Learned Divine Lady from the Holy Ahlul Bayt (A.S.):

Hadrat Masumah (S.A.) was brought up in a very noble family. She was daughter of the Holy Imam [Imam Musa al-Kazim (A.S.)], the sister of the Holy Imam [Imam Reza (A.S.)] and the aunt of the Holy Imam [Imam Muhammad Taqi al-Jawad (A.S.)].

She was taught all the Islamic sciences by Imam Musa al-Kazim (A.S.) and Imam Reza (A.S.) and she transmitted Ahadith (traditions) from them. She became famous as Aalimah (the Learned Lady) and Muhaddithah (the Learned Lady who transmitted Ahadith).

The traditions quoted by Hadrat Masumah (S.A.) are among the most authentic traditions which are present in various books of traditions.

She was Masumah (the Immaculate):

Hadrat Fatima bint Musa al-Kazim (A.S.) was most pious, noble and reverend lady. Like her holy grandmother Hadrat Fatima Zahra (S.A.) she was always busy in performing Salaat (prayers) and kept fast most of the days. She was greatly respected and revered by her holy father Imam Musa al-Kazim (A.S.) and her elder brother Imam Reza (A.S.). She becomes famous as Masumah (the Immaculate) during her lifetime. Imam Reza (A.S.) has said about Hadrat Fatima Masumah (S.A.)

"Whoever performs the Ziyarah of "Fatima Masumah" in Qum is like the person who has performed my Ziyarah".

Karimah-i Ahlul Bayt (A.S.):

Hadrat Fatima Masumah (S.A.) is also considered as Karimah-i Ahlul Bayt (A.S.) because she was very kind and gracious. Thousands of miracles have been recorded at the holy grave of her and she fulfills the rightful wishes of the believers and she miraculously heals incurable patients. Imam Jafar Sadiq (A.S.) has quoted "By the intercession of Fatima Masumah (S.A.) all my Shias will enter the
paradise".

Demise of Hadrat Masumah (S.A.):

In the year 200 A.H. a year after the forced migration of Imam Reza (A.S.) from Medina to Marw in Khurasan by the reigning Abbasid caliph Mamun, Hadrat Masumah accompanied by her brothers left Medina for Khurasan to meet her elder brother Imam Reza (A.S.). When they reached Saveh in central Iran they were attacked by the Abbasid army and many of his brothers were mercilessly martyred.

Hadrat Masumah (S.A.) became severely ill and in this condition she migrated to Qum where the Shias of the city warmly welcomed her. The effect of sickness increased during her short stay in Qum and she attained martyrdom on 10th of Rabi al-Thani 201 A.H. Hadrat Masumah (S.A.) had great longing to meet her brother Imam Reza (A.S.) but due to her sudden death she could not meet him.

Imam Reza (A.S.) was deeply grieved when he came to know about the demise of her beloved sister Hadrat Fatima Masumah (S.A.).

The Merits of the Ziyarah of Hadrat Fatima Masumah (S.A.):

There are many traditions from the Holy Imams (A.S.) recommending the Shias to perform the Ziyarah of the holy grave of Hadrat Masumah (S.A.) in the holy city of Qum.

Imam Ali-e-Reza (A.S.) said: "Whoever performs the Ziyarah of Fatima Masumah (S.A.) will be awarded heaven".

Imam Muhammad Taqi al-Jawad (A.S.) said: "Whoever performs the Ziyarah of my aunt [Fatima Masumah (S.A.)] in Qum will enter paradise".

Imam Ali-e-Reza (A.S.) said: "Whoever performs the Ziyarah of "Fatima Masumah" with the knowledge of her status will attain paradise".

The Holy City of Qum:

The holy city of Qum in central Iran, 150 km to the south of Tehran became one of the first bastions Shi"ism and till the present day it is the leading center of Islamic seminaries where more than forty thousand scholars and students are learning Islamic sciences in the numerable Islamic seminaries present in this holy city. At present about two hundred Islamic research and cultural centers are active in this holy city.

In the year 83 A.H. the Arabs belonging to the Ash"ari tribe migrated and settled in this region and laid the foundation of this city. From the beginning of its establishment the city of Qum became the dwelling place of the Shias and by the end of first century Hijrah more than 6000 Shias settled in this city.

The Shias of this city revolted against the Umayyad caliphs and after the inception of the Abbasid caliphate in 132 A.H. they also opposed the Abbasid caliphs.

In the year 200 A.H. Hadrat Fatima Masumah (S.A.) took refuge in this city and Her Holiness expired in the year 201 A.H. and was buried in this city. The sacred grave of Hadrat Fatima Masumah (S.A.) became the pilgrimage center of the Shias and this city became famous as Qum-i Muqaddas. Since then it also emerged as a leading Shia learning center in the world. The holy shrine of Hadrat Fatima Masumah (S.A.) and the city"s reputation as a center of theological education of
the Shias contributed most to its fame.

In June1963 Imam Khomeini (R.A.) started Islamic movement against the rule of Shah from the holy city of Qum. The uprising of people of Qum  in January 1978 convulsed the whole of Iran and led to the victory of Islamic revolution and the establishment of Islamic Republic in Iran in February 1979.


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