logo
Trump Exempts Jordan from U.S. Foreign Aid Cuts - Jordan News

Trump Exempts Jordan from U.S. Foreign Aid Cuts - Jordan News

Jordan News01-05-2025

Trump Exempts Jordan from U.S. Foreign Aid Cuts Reuters reported that U.S. President Donald Trump has decided to exempt Jordan from the sweeping foreign aid cuts announced last January, confirming continued support for the Kingdom with an annual funding package of no less than $1.45 billion, including military assistance and direct budget support. اضافة اعلان According to Reuters sources, the decision came after an intensive round of diplomatic negotiations between Amman and Washington, which led to the resumption of aid flows within just two months of the announced cuts. The sources noted that this move placed Jordan on a 'more solid financial footing' despite the initial shock. Jordan ranks fourth among the top recipients of U.S. aid, following Ukraine, Tel Aviv, and Ethiopia. This reflects the strength of the strategic relationship between the two countries, particularly in matters of regional security, intelligence cooperation, and the hosting of U.S. forces on Jordanian soil under a defense treaty. The water desalination project between Aqaba and Amman, overseen by CDM Smith under the supervision of USAID, had its funding frozen before payments resumed in March, according to four informed sources. The project is estimated to cost around $6 billion and is considered one of the most vital initiatives for achieving water security in the Kingdom. Despite the continued freeze of a portion of aid designated for the education and health sectors—amounting to approximately $430 million annually—researchers and insiders confirmed that Washington has prioritized protecting funding related to security, defense, and water, due to its strategic importance. In a related context, U.S. State Department spokesperson Tammy Bruce confirmed that Jordan's military aid remained untouched, praising Jordan's role as a strong regional partner.
She noted that U.S. Secretary of State Marco Rubio decided to continue military funding to all beneficiary countries following a comprehensive aid review.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

China's Xi, Trump hold rare phone conversation
China's Xi, Trump hold rare phone conversation

Roya News

time2 hours ago

  • Roya News

China's Xi, Trump hold rare phone conversation

Chinese President Xi Jinping and US President Donald Trump spoke by phone on Thursday, according to Chinese state media. The call, which was initiated by Trump, was confirmed by China's official Xinhua news agency. No further details were provided about the content of the conversation. The dialogue comes as relations between Washington and Beijing remain tense, with disputes continuing over trade policies and restrictions on student visas. Though brief, the conversation signals an attempt at communication during a period of heightened friction between the two nations.

ECB cuts rate again facing growth, tariff woes
ECB cuts rate again facing growth, tariff woes

Roya News

time2 hours ago

  • Roya News

ECB cuts rate again facing growth, tariff woes

The European Central Bank's easing cycle reached the one-year mark Thursday when policymakers delivered another interest rate cut as concerns mount about the struggling eurozone economy and global trade tensions. The ECB cut its key deposit rate a quarter point to two percent, as widely expected, its seventh consecutive reduction and eighth since June last year when it began lowering borrowing costs. It also lowered its inflation forecast for 2025, with consumer price increases now expected to hit the central bank's two-percent target this year. With inflation under control following a post-pandemic surge, the ECB has shifted its focus to dialling back borrowing costs to boosting the beleaguered economies of the 20 countries that use the euro. US President Donald Trump's tariffs have added to an already uncertain outlook for the single-currency area, with Europe firmly in his crosshairs, fuelling fears about a heavy hit to the continent's exporters. Announcing the rate decision, the ECB struck a measured tone about the US levies and the potential for retaliation. It noted that the "uncertainty surrounding trade policies is expected to weigh on business investment and exports" but added that "rising government investment in defence and infrastructure will increasingly support growth over the medium term. "Higher real incomes and a robust labour market will allow households to spend more. Together with more favourable financing conditions, this should make the economy more resilient to global shocks." It left its growth forecast for 2025 unchanged at 0.9 percent. It also said inflation was now around target -- dropping previous language that it was "on track". Eurozone inflation came in at 1.9 percent in May. All eyes will now be on ECB President Christine Lagarde's post-meeting press conference for any hints that the Frankfurt-based institution might be gearing up to pause its cuts in July to take stock of developments, as some expect. The ECB's series of cuts stands in contrast to the US Federal Reserve, which has kept rates on hold recently amid fears that Trump's levies could stoke inflation in the world's top economy. Lagarde may also face questions on her own future after the Financial Times last week reported she had discussed leaving the ECB early to take the helm of the World Economic Forum, which organises the annual Davos gathering. The ECB has insisted that Lagarde is "determined" to finish her term, which ends in 2027. Tariff blitz Trump, who argues his tariffs will bring manufacturing jobs back to the United States, has already hit the EU with multiple waves of levies. The bloc currently faces a 10-percent "baseline" tariff as well as higher duties on specific sectors. He has paused even higher rates on the EU and other trading partners to allow for talks, but he continues to launch fresh salvos that are keeping the world on edge. This week he doubled tariffs on aluminium and steel from 25 to 50 percent and last month threatened the EU with an escalation if it did not negotiate a swift deal. For the ECB, it is a tricky task to protect the eurozone from the mercurial US president's trade policies while keeping inflation stable. Trump's tariffs are expected to exert downward pressure on eurozone inflation. This is due to factors including tariff-hit China redirecting inexpensive manufactured goods to Europe, recent strengthening of the euro and potentially lower energy prices. Lower inflation and slower growth should push the ECB to make further rate cuts. As a result, ING analyst Carsten Brzeski predicted Thursday's cut "will not be the last". "Not only did US President Donald Trump make the European economy great again -- for one quarter, as frontloading of exports and industrial production boosted economic activity -- he also made inflation almost disappear," he said. There are some factors that make this uncertain though.

Trump issues travel ban for 12 countries
Trump issues travel ban for 12 countries

Al Bawaba

time6 hours ago

  • Al Bawaba

Trump issues travel ban for 12 countries

US President Donald Trump announced Wednesday evening a ban that is set to prohibit travel to the US from a dozen countries and restrict travel from seven others over alleged security risks. Trump issued the directive in a presidential proclamation and an accompanying video message in which he said a recent attack on a Boulder, Colorado march for Israeli hostages in Gaza "has underscored the extreme dangers posed to our country by the entry of foreign nationals who are not properly vetted, as well as those who come here as temporary visitors and overstay their visas." "Very simply, we cannot have open migration from any country where we cannot safely and reliably vet and screen those who seek to enter the United States," he said in the video. "The strength of the restrictions we're applying depends on the severity of the threat posed. The list is subject to revision based on whether material improvements are made, and likewise, new countries can be added as threats emerge around the world, but we will not allow people to enter our country who wish to do us harm and nothing will stop us from keeping America safe." The White House said in a statement that Trump took the action after reviewing a report from Secretary of State Marco Rubio and other officials It said the restrictions are being imposed because countries either had inadequate screening and vetting processes, which hinder "America's ability to identify potential security threats before entry," or their nationals have high rates of overstaying their visas, while other nations "lack cooperation in sharing identity and threat information, undermining effective U.S. immigration vetting." Trump's order specifically prohibits people from Afghanistan, Myanmar, Chad, the Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen from entering the US. An additional seven countries -- Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela -- will face partial restrictions and limited entry of their nationals. The ban and restrictions are set to take effect at 12.01 am Eastern Time on Monday.

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