
Trump ends Syria sanctions, orders terror designation review – DW – 07/01/2025
US President Donald Trump on Monday signed an executive order to dismantle the US sanctions program on Syria, ending the Middle Eastern country's isolation from the international financial system.
The sanctions program, which has been in place since 2004, imposed far-reaching sanctions on Syria that affected most state institutions, including the central bank.
"This is in an effort to promote and support the country's path to stability and peace," White House Press Secretary Karoline Leavitt told reporters,
Leavitt added that the move will enable the US to maintain sanctions on Syria's former president, Bashar Assad, and his associates, as well as on human rights abusers, drug traffickers, individuals involved in chemical weapons activities, the Islamic State, ISIS affiliates, and Iranian proxies.
Trump's order also instructs the US State Department to review the designation of the Islamist group Hayat Tahrir al-Sham (HTS) as a foreign terrorist organization. The Syrian transitional government has largely emerged from this group.
US Secretary of State Marco Rubio is also to review Syria's designation as a state sponsor of terrorism, as well as that of Syrian transitional President Ahmed al-Sharaa as a terrorist.
To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video
Syrian Foreign Minister Assaad al-Shibani said the US move marked a "major turning point," according to a post by the minister on social media platform X.
"With the lifting of this major obstacle to economic recovery, the long-awaited doors are opening for reconstruction and development" as are the conditions "for the dignified return of displaced Syrians to their homeland," he wrote on X.
Trump had already exempted Syria from most of the sanctions in May in response to appeals from Saudi Arabia and Turkey.
In December, Assad was ousted in a swift offensive led by Islamist rebels under the command of al-Sharaa. Since then, Syria has taken steps to rebuild its international ties.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Int'l Business Times
25 minutes ago
- Int'l Business Times
Big Automakers Report US Sales Jump On Pre-tariff Consumer Surge
Several leading automakers including Detroit giants General Motors and Ford reported increased US car sales in the second quarter on Tuesday as consumers fast-forwarded purchases ahead of US tariffs. Sales were particularly brisk early in the quarter as expectations of US President Donald Trump's coming tariffs dominated the news. Besides the US companies, Japanese automakers Toyota and Honda and South Korean brands Kia and Hyundai all reported increased sales compared with the 2024 stretch. "They were able to capitalize on the tariff-induced fear and that drove sales, especially in the early part of the quarter," said Garrett Nelson, equity analyst at CFRA Research. While the auto industry has been near the center of Trump's efforts to reset global trade, consumers have yet to see significant price increases due to tariffs. That is because companies have relied on existing inventories that include vehicles imported before tariffs took effect. Prices are expected to rise more in the second half of 2025, but market demand and supply forces could constrain such hikes, analysts said. GM notched a 7.3 percent rise in vehicle deliveries to 746,588 behind a continued solid performance in pickup trucks and SUVs, as well as good sales of models geared towards customers seeking affordable vehicles. These include the Chevrolet Equinox and Chevrolet Trax, a lower-priced vehicle imported from South Korea. Ford, meanwhile, scored a 14.2 percent jump in sales to 612,095, reflecting the boon from a popular program that offered customers employee pricing on many models. Most of Ford's leading vehicles saw higher sales, including the best-selling pickup F-series, as well as the Ford Explorer SUV. While Ford had lower sales of its all-electric F-150 Lightning Truck and the Mustang Mach-E, it reported a jump in hybrid vehicle sales. Higher sales had been expected for both companies, but the increases were slightly more than projected by analysts at At Toyota, sales jumped 7.2 percent to 666,470 autos, with double digit gains in several vehicles, including the Toyota Camry sedan and the Toyota Tacoma pickup truck. Honda, Kia and Hyundai reported quarterly sales increases of between five and 10 percent. But Nissan reported a 6.5 percent drop in quarterly sales to 221,441, while Jeep-owner Stellantis was projected by Edmunds to have a 12.8 percent drop to just over 300,000 vehicles. The United States imposed 25 percent tariffs on imported finished cars in early April. The Trump administration also enacted a 25 percent tariff on imported auto parts in early May, although White House officials allowed a two-year grace period and stipulated that automakers would not face duplicative tariffs due to a 25 percent levy on imported steel and aluminum. While retail car prices have not risen significantly, analysts at Cox Automotive last week pointed to a recent ebbing in dealer incentives as evidence of a somewhat tighter market. Cox Automotive Chief Economist Jonathan Smoke has projected an eight percent rise in prices due to tariffs, adding that "we don't think consumers or fleet buyers are able and willing to accept that added cost," he said at a briefing last week. Smoke predicted that uncertainty about the economy and whether the Federal Reserve will cut interest rates could lead many buyers to defer purchases. Nelson said automakers have to be "very careful" with price hikes. "Things have cooled off from where they were at the beginning of the quarter," he said. "Everything we're seeing suggests that consumers are still very price sensitive."


Int'l Business Times
2 hours ago
- Int'l Business Times
GOP Senate Pushes Through $3.3 Trillion Tax And Spending Overhaul
In a vote that underscored deep divisions on Capitol Hill, Senate Republicans pushed through a sweeping $3.3 trillion fiscal package early Tuesday, narrowly passing the legislation that has become a centerpiece of Donald Trump's revived economic agenda. Vice President J.D. Vance cast the tie-breaking vote in a 50-50 split just before dawn, ending hours of high-stakes debate over a bill Republicans have branded the American Prosperity, Security, and Taxpayer Relief Act—but which Trump has repeatedly promoted as the "Big Beautiful Bill." The legislation now heads to the House, where GOP leaders are aiming for final passage ahead of the July 4 recess. Inside the Bill: Tax Relief, Program Cuts, and Border Security At the heart of the measure are permanent extensions to the 2017 tax cuts, a lower corporate tax rate of 17%, and fresh incentives for companies investing in U.S.-based manufacturing, artificial intelligence and advanced technology infrastructure. To help offset the price tag, the bill slashes federal outlays on health care and social programs, including Medicaid, food assistance and student loan subsidies. Work requirements for recipients of federal aid would also expand under the plan. Other major components include: $80 billion in new border security funding , earmarked for construction, surveillance, and expanded immigration enforcement. , earmarked for construction, surveillance, and expanded immigration enforcement. A rollback of climate-related tax credits, including incentives for electric vehicles and clean energy projects. A freeze on new federal hires and cuts to agency discretionary budgets. Reactions: Applause, Warnings and Dissent Republicans hailed the bill as a "return to common-sense economics," arguing it would reinvigorate U.S. industry and rein in bloated federal programs. Senate Minority Leader Mitch McConnell called the legislation "a long-overdue course correction for a government that spends too much and delivers too little." But Democrats and advocacy groups condemned the package, describing it as a handout to corporations at the expense of vulnerable families. Senate Majority Leader Chuck Schumer said the cuts would "gut the middle class in exchange for boardroom bonuses." Even within GOP ranks, dissent emerged. Sen. Susan Collins (R-Maine) opposed the bill over cuts to health programs in rural states, while Sen. Rand Paul (R-Ky.) raised alarms about long-term deficit growth. Markets Cautious, Fed Eyes Inflation Risks Investor sentiment was mixed Tuesday morning, as markets weighed the prospect of aggressive tax cuts against the risk of renewed inflation. The U.S. dollar slid to a multi-year low, while Treasury yields rose slightly in early trading. Federal Reserve Chair Jerome Powell issued a brief statement warning that "unbalanced fiscal momentum" could complicate the central bank's ability to ease interest rates later this year. On Wall Street, clean energy firms slipped on fears of subsidy losses, while cloud and AI-related stocks saw gains in anticipation of corporate tax relief and tech-focused incentives. Experts Divided on Economic Impact Economists remain split on the bill's long-term implications. "This is not just a tax cut—it's a reordering of federal priorities," said Angela Tse, a policy analyst at the Brookings Institution. "While it may boost near-term corporate activity, the social cost could be substantial." Others argue the bill could deliver real gains for U.S. competitiveness, especially in the face of global economic shifts. "If implemented effectively, it could position the U.S. as a dominant force in the next wave of innovation," said Mark Leighton, a senior economist at Deloitte. However, early scoring from the Committee for a Responsible Federal Budget estimated that the legislation would add nearly $900 billion to the deficit over the next 10 years, even after accounting for reduced spending. A Political Stakes Game Ahead of 2025 Elections With Trump expected to formally accept the Republican nomination in August, the "Big Beautiful Bill" has become a signature part of his pitch to voters: tough on immigration, friendly to business, and tough on what he calls "wasteful welfare." Democrats have vowed to make the bill a central issue in swing states, targeting its effects on health care access, public education, and clean energy jobs. House Republicans plan to bring the bill to a vote by Friday, hoping to avoid any internal splintering and give Trump a legislative win as campaign season intensifies.


Int'l Business Times
3 hours ago
- Int'l Business Times
Trump Declares Biden 'Wanted' to Lock Him Up While Touring 'Alligator Alcatraz,' Unleashes Wave of Jokes: 'We All Did'
While touring the new "Alligator Alcatraz" migrant detention center in Florida, President Donald Trump joked that President Joe Biden wanted him incarcerated in the facility, spurring a barrage of mockery from social media users who agree that Trump should be "locked up". Trump visited the new detention center on Tuesday for its opening. The center, which is located at Dade-Collier Training and Transition Airport, contains up to 5,000 beds "to house, process and deport criminal illegal aliens", according to White House Press Secretary Karoline Leavitt. While touring the facility, Trump made a joke about how Biden allegedly wanted to incarcerate him in a federal facility. "Hey, Biden wanted me in here, okay. It didn't work out that way but he wanted me in here, that son of a b---h," the 47th President said. Social media users quickly took to online platforms to express agreement with the former President's alleged sentiments, with many stating that they believed Trump should in fact be imprisoned. "WE ALL DID," said one user. "Thanks for reminding us you should've been incarcerated for your crimes," added another. "Biden wanted Trump in a migrant cage? Dementia Don has entered the chat," joked a third. "Bro's got Biden Derangement Syndrome," said a fourth. "The convicted felon and the adjudicated rapist should be in prison," wrote another. Trump toured the new migrant detention center alongside Florida Governor Ron DeSantis, who has also pushed for more hardline immigration policies and supports the 47th President's mass deportation agenda. "Ron worked beautifully with Kristi (Noem) and all of the people at Homeland Security and got it done in how many days, Ron?" Trump told reporters, turning to DeSantis. "Eight days, a new facility was up and running," the governor said. Originally published on Latin Times