How does Jordan protect its economy from Trump's pressures?
Ammon News - Former Deputy Prime Minister and economic expert Dr. Jawad Anani called on the government to start developing a plan to be cautious and prevent expected executive decisions by US President Donald Trump to pressure Jordan regarding the displacement of Palestinians to the Kingdom.
Anani told Ammon News Agency that the government should study US-backed projects, such as the free trade agreement under which Jordanian exports reached $3 billion, and other companies, agreements and projects.
He pointed out that the Trump may exert pressure by imposing customs duties on Jordanian exports to the United States, which will negatively affect exporting companies.
The government is currently required to control expenditures, try to save them, open the labor market files, and provide new job opportunities for Jordanians, to create an active Jordanian economy, and revive struggling companies to increase exports and increase economic growth, Anani said.
Anani believes that the American aid that has been ongoing for years and is estimated at billions of dollars is indispensable at the present time. Despite the European aid, it does not meet the needs as much as the American aid. He also pointed out that the American president may expand the pressures by using his country's tools in Europe, banks, and the International Monetary Fund to stop aid and facilities for Jordan.
Trump may also seek to pressure global assessment tools by re-evaluating Jordan after stopping US aid, which would put the Jordanian economy at risk, raising interest rates and making it difficult to obtain loans.
Trump's office is full of files from various countries around the world, especially after he made statements about Canada, Mexico, Panama, Russia, Europe and Iran, ruling out that he would devote himself to the Palestinian issue alone, Anani indicated.
On December 9, Jordan and the United States signed an agreement on the annual cash support provided by Washington to the general budget, worth $845.1 million.
In 2022, the two countries signed a memorandum of understanding under which the United States would provide annual financial assistance to the Kingdom worth $1.45 billion for the period between 2023 and 2029.
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