Former President Donald Trump's second term kicked off with a flurry of activity, including a visit from Israeli Prime Minister Benjamin Netanyahu, a controversial proposal for Gaza, renewed sanctions on Iran, and the establishment of a sovereign wealth fund. Let's delve into the key developments.
Netanyahu's visit marked the first from a foreign leader during Trump's second term. A significant point of discussion was the Gaza Strip, with Trump suggesting a substantial U.S. role in its future, even mentioning the possibility of taking it over and managing the removal of unexploded ordnance. However, Press Secretary Karoline Leavitt clarified that this did not entail a military presence on the ground or direct taxpayer funding, but rather a deal-making approach with regional partners.
This proposal drew immediate criticism from various groups, including Democratic lawmakers and Hamas officials. A senior Hamas official deemed the idea a "crime against humanity."
Renewed Pressure on Iran
Trump also revived his "maximum pressure" campaign against Iran, implementing new sanctions targeting its oil exports. While acknowledging his reluctance, Trump expressed hope that the sanctions wouldn't be necessary. He also stated his belief that Iran was nearing nuclear weapon capability, but vowed to prevent them from acquiring one.
This approach mirrors Trump's earlier stance on Iran, which involved withdrawing from the 2015 Iran nuclear deal and reimposing sanctions.
Other Key Actions
Trump also took action against the International Criminal Court (ICC) following its arrest warrant for Netanyahu, imposing sanctions and visa restrictions on ICC officials and their families involved in investigations against U.S. citizens and allies. This move received bipartisan support.
Furthermore, Trump signed an executive order to establish a U.S. sovereign wealth fund, potentially to be used for acquisitions like TikTok. Treasury Secretary Scott Bessent stated that the fund would be created within a year.
These actions mark a busy start to Trump's second term, setting the stage for potential future controversies and policy shifts.
