How Trump's First 100 Days is Affecting Iraq, IQD Speculation
πΊπΈ Trump's First 100 Days: Impact on Iraq
In his first 100 days as U.S. President, Donald Trump's policies have indirectly affected Iraq's economy. Iraq Business News+3Iraq Business News+3Iraq Business News+3
π Economic Effects
-
Tariffs and Oil Prices: Trump's increased tariffs on various countries, including Iraq, led to a drop in global oil prices. This decline has hurt its economy since Iraq heavily relies on oil exports.
-
Foreign Aid Cuts: The Trump administration has reduced foreign aid. For Iraq, this means less financial assistance for development and reconstruction projects.
π± Iraqi Dinar Speculation
-
Currency Revaluation Rumors: There has been speculation about a significant Iraqi dinar revaluation. However, the article notes that such expectations are largely unfounded and not based on concrete policy changes.
π’️ Oil Market Dynamics
-
OPEC Relations: Trump's pressure on OPEC to keep oil prices low has created challenges for Iraq, which depends on higher oil prices to balance its budget.
π§ Strategic Considerations
-
Iran's Influence: The U.S. has expressed concerns about Iran's influence in Iraq, particularly through groups like the Popular Mobilization Forces (PMF). Trump's policies aim to counter this influence, affecting Iraq's internal politics
