logo
Trump's Air Force One deal with Qatar not finalized, being reviewed by prospective legal teams: Sources

Trump's Air Force One deal with Qatar not finalized, being reviewed by prospective legal teams: Sources

Yahoo3 days ago

Despite previous claims from the Department of Defense that the United States has officially accepted the luxury Boeing 747-8 jumbo jet from Qatar, the United States and Qatar have not yet finalized the details of the agreement, which are still being reviewed by the prospective legal teams, according to a White House official and sources familiar with the discussions.
A White House official stated that the White House's legal team is currently finalizing the details of the gift, working on a memorandum of understanding -- or MOU -- between the United States and Qatar. The Washington Post first reported the news.
The plane from Qatar is currently in the United States, according to sources familiar with the matter as well as President Donald Trump, who confirmed the plane was here. However, Qatar wants to clarify the details surrounding the transfer, specifically emphasizing that the Trump administration was responsible for initiating the discussions about the donation of the luxury jet to the U.S. government, sources familiar with the negotiations said.
MORE: Pentagon accepts luxury jet from Qatar to use as Air Force One
"As the President has said, this will be a sovereign-to-sovereign gift to the US Air Force," White House spokesperson Anna Kelly said in a statement.
As ABC News first reported earlier this month, the aircraft is expected to be available for use by Trump as the new Air Force One until shortly before he leaves office, at which time the ownership of the plane is expected to be transferred to the Trump presidential library foundation, sources familiar with the matter told ABC News.
Last week, chief Pentagon spokesperson Sean Parnell said that the Pentagon had officially accepted the luxury jet from Qatar.
"The secretary of defense has accepted a Boeing 747 from Qatar in accordance with all federal rules and regulations," said Parnell, adding that the Department of Defense would "work to ensure proper security measures and functional-mission requirements are considered for an aircraft used to transport the president of the United States."
MORE: Legality of Trump potentially accepting gift of Qatari plane questionable: Experts
The Trump administration's plan to accept the luxury jet donated by the Qatari government to use as Air Force One has raised significant security concerns, according to intelligence experts and government officials.
Democratic lawmakers have expressed concerns that the plane could pose significant security risks and potentially grant a foreign nation access to sensitive systems and communications, raising counterintelligence issues. Conversely, Republican lawmakers have questioned the president's decision to accept a gift from a foreign nation, also raising intelligence concerns.
"Any building or vehicle or airplane that the president is located is a high-value target for foreign intelligence services who want to gather as much information about the president," said John Cohen, an ABC News contributor and former acting Homeland Security official.
For his part, Trump said "it would be stupid" not to accept the free plane and has called the gift from Qatar a "very nice gesture."
"I would never be one to turn down that kind of an offer," Trump said earlier this month. "I mean, I could be a stupid person and say, 'No, we don't want a free, very expensive airplane.' But it was, I thought it was a great gesture."
Trump's Air Force One deal with Qatar not finalized, being reviewed by prospective legal teams: Sources originally appeared on abcnews.go.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

JGBs Mixed; Trade, Geopolitical Tensions May Support
JGBs Mixed; Trade, Geopolitical Tensions May Support

Wall Street Journal

time26 minutes ago

  • Wall Street Journal

JGBs Mixed; Trade, Geopolitical Tensions May Support

0014 GMT — JGBs are mixed in price terms in the early Tokyo session, but may be supported by trade and geopolitical tensions that typically enhance the safe-haven appeal of sovereign debt. U.S. President Trump said on Friday that he would increase tariffs on imports of steel and aluminum to 50% from current 25%, effective June 4. Meanwhile, Ukraine launched drone attacks on four military airports inside Russia, destroying more than 40 warplanes. Five-year JGB yield is unchanged at 1.015%; 30-year yield is down 1.5 bps at 2.950%. (

Small businesses struggle under Trump's tariff whiplash: ‘I'm so angry that my own government has done this to me'
Small businesses struggle under Trump's tariff whiplash: ‘I'm so angry that my own government has done this to me'

Yahoo

time28 minutes ago

  • Yahoo

Small businesses struggle under Trump's tariff whiplash: ‘I'm so angry that my own government has done this to me'

For some small businesses, the last week brought even more twists and turns to the past two months of President Donald Trump's chaotic tariffs. The situation was already confusing, with stops and starts of tariffs at different levels. Then on Wednesday, a US court said Trump overstepped his authority in imposing most of those import levies – only for an appeals court on Thursday to pause the previous court's ruling. The confusion has made it challenging for some small companies to plan, business owners told CNN. In certain cases, they have had to consider changing their product strategy, looking into shifting their supply chains, reducing staff hours or delaying products. 'My fear is, if this continues, there's going to be like the mass extinction of small businesses,' Julie Robbins, CEO of Ohio-based guitar pedal maker EarthQuaker Devices, told CNN. Trump announced blanket tariffs across the globe on April 2, and since then, his plans have changed on a regular basis. In early April, he issued a 90-day pause on reciprocal tariffs almost everywhere except China. Then, after ratcheting up total tariffs on Chinese imports to 145%, he declared smartphones and certain other electronics would be exempt from the reciprocal tariffs. The US and China agreed in May to roll back reciprocal tariffs for 90 days. And in late May, he threatened smartphone makers like Apple with 25% tariffs if they don't make their phones in the US. He also agreed to push back levies on imports from the European Union until July 9. Those are only some of his changes, which can come at any time of day via the White House, social media posts or other avenues. The whiplash has been hard for companies to keep up with. Even major brands like apparel giant Gap are feeling the impact of tariffs, but small companies with far fewer resources are in an even tougher spot. The National Federation of Independent Business Small Business Optimism Index fell by 1.6 points in April, dipping below the 51-year average for the second consecutive month. The organization's chief economist, Bill Dunkelberg, cited uncertainty as a 'major impediment' for small business owners in a press release. 'It's the sort of more smaller, kind of more niche… brands that are going to really, really get hit by this,' Jack Leathem, an analyst at market research firm Canalys, told CNN in April. Some small business owners have had to make difficult decisions as they've grappled with the impact of tariffs. EveAnna Manley, whose company Manley Labs makes high-end electronics for recording studios, has had to cut her employees' hours by 25%. The reciprocal tariffs that China imposed on the US have been particularly challenging, she says, since China has become a major market for her business. Manley says it took 'decades' for her to 'get the best Chinese importers.' Overall, Manley Labs' sales are down more than 19% compared to last year, she told CNN, which has frozen the company's product development efforts. 'It's just a freaking mess right now,' she said in late May, before this past week's court rulings on Trump's tariffs. 'And I'm so angry that my own government has done this to me.' The best thing small businesses can do right now is to be flexible and diversify their sourcing and procurement strategies, says Tala Akhavan, chief operating officer of Pietra, a platform that helps brands with sourcing, production and logistics among other services. That's what Intuition Robotics, which makes a home robot designed to be a companion for older adults, is doing, according to chief strategy officer Assaf Gad. The company also makes money off its digital subscription accounts, according to Gad, giving it the flexibility to look into a 'plan B' outside of China for producing the company's hardware. Sudden changes in tariff policies haven't really impacted the company's decisions because it's planning for the next nine to 12 months rather than the short term, he said in mid-May. Trump's tariffs have encouraged Gad to think about expanding Intuition Robotics into international markets. 'Maybe this is also a good time to say, 'Let's not put all the eggs in one basket,'' he said, 'and, you know, start looking on other kind of territories that will reduce the risk for us going forward.' But for some companies, finding a plan B isn't so easy. That's the case for Sarah O'Leary, CEO of Willow, which makes wearable breast pumps and accessories. As a medical device company, Willow can't simply just move its manufacturing, O'Leary told CNN. The company had to pause exporting one product it produces in China for postpartum recovery at one point because it became too expensive. The ruling on Wednesday aiming to block many tariffs brought some relief, O'Leary said in an emailed statement on Thursday evening. But she acknowledged that there's still 'so much uncertainty,' adding that 'the chaos will persist.' Any tariffs, even low ones, would be difficult for a small company like hers to absorb, she said in mid-May. 'We don't build our products with that much margin,' she said. 'And so, unfortunately, we are in a position where we have to evaluate what we can do to survive in those contexts.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store