Rich People Trades
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Rich People Trades

Politics

Here’s what happened during Trump’s 3rd week in office

by admin February 8, 2025
February 8, 2025
Here’s what happened during Trump’s 3rd week in office

President Donald Trump welcomed Israeli Prime Minister Benajamin Netanyahu to the White House Tuesday, marking the first visit from a foreign leader during Trump’s second term. 

During Netanyahu’s visit, Trump also unveiled massive plans suggesting that the U.S. would ‘take over’ the Gaza Strip in a ‘long-term ownership position’ to deliver stability to the region. 

‘The U.S. will take over the Gaza Strip, and we will do a job with it, too,’ Trump said Tuesday evening in a joint press conference with Netanyahu. ‘We’ll own it and be responsible for dismantling all of the dangerous, unexploded bombs and other weapons on the site.’

Even so, White House press secretary Karoline Leavitt said the president wouldn’t commit to placing U.S. troops on the ground in Gaza as part of the rebuilding effort. 

‘It’s been made very clear to the president that the United States needs to be involved in this rebuilding effort, to ensure stability in the region for all people,’ Leavitt told reporters Wednesday at a White House press briefing. ‘But that does not mean boots on the ground in Gaza. It does not mean American taxpayers will be funding this effort. It means Donald Trump, who is the best dealmaker on the planet, is going to strike a deal with our partners in the region.’

Leavitt said that Trump is an ‘outside-of-the-box thinker’ who is ‘a visionary leader who solves problems that many others, especially in this city, claim are unsolvable.’

The announcement sparked backlash though from Democratic lawmakers, to leaders of Palestinian militant group, Hamas. 

‘What President Trump stated about his intention to displace the residents of the Gaza Strip outside it and the United States’ control over the Strip by force is a crime against humanity,’ a senior Hamas official told Fox News on Wednesday.

Here are some other actions Trump took his second week in office: 

Maximum pressure on Iran 

Trump also reinstated his ‘maximum pressure’ campaign against Iran, instructing the Treasury Department to execute ‘maximum economic pressure’ upon Iran through a series of sanctions aimed at sinking Iran’s oil exports. 

Trump said Tuesday that he was ‘torn’ about signing the order and admitted he was ‘unhappy to do it,’ noting that the executive order was very tough on Iran. 

‘Hopefully, we’re not going to have to use it very much,’ Trump told reporters Tuesday. 

Trump later told reporters in a joint press conference with Netanyahu that he believes Iran is ‘close’ to developing a nuclear weapon, but that the U.S. would stop a ‘strong’ Tehran from obtaining one.

‘They’re very strong right now, and we’re not going to let them get a nuclear weapon,’ Trump said. 

His first administration also adopted a ‘maximum pressure’ initiative against Tehran, issuing greater sanctions and harsher enforcement for violations.

Strict sanctions were reimposed upon Iran after Trump withdrew from the Iran deal, known as the Joint Comprehensive Plan of Action, in May 2018. The 2015 agreement brokered under the Obama administration had lifted sanctions on Iran in exchange for limits on Iran’s nuclear program.

Sanctions against the International Criminal Court 

Trump also signed an executive order sanctioning the International Criminal Court (ICC) on Thursday, in response to its May 2024 arrest warrant for Netanyahu.

The order — which was lauded by even some top Democrats — unveils financial sanctions and visa restrictions against ICC officials and their family members who support ICC investigations against U.S. citizens and allies. 

The White House also signed executive orders on Thursday instructing the Justice Department to establish a task force dedicated to weeding out ‘anti-Christian bias,’ and a review of all nongovernmental organizations that accept federal funds.

The ICC is an independent, international organization based in The Hague and established under the Rome Statute, an international treaty that took effect in 2002. The court oversees global issues including genocide, crimes against humanity and war crimes. 

The Trump White House claims that the U.S. and Israel are not subject to the jurisdiction of the ICC because the court poses threats to U.S. sovereignty and constitutional protections. Additionally, the White House has accused the ICC of politicization and said it has targeted Israel without holding regimes like Iran to the same standards. 

Sovereign Wealth Fund 

The U.S. Treasury and Commerce Departments will establish a sovereign wealth fund in accordance with a new executive order Trump signed on Monday. 

The sovereign wealth fund, a state-owned investment fund with various financial assets like stocks and bonds, could foot the bill for purchasing TikTok, according to Trump. 

‘We’re going to be doing something perhaps with TikTok, and perhaps not,’ Trump told reporters Monday. ‘If we make the right deal, we’ll do it. Otherwise, we won’t.’

Secretary of the Treasury Scott Bessent said the sovereign wealth fund would be created within the next 12 months. 

 

‘I think it’s going to create value and be of great strategic importance,’ Bessent told reporters Monday. 

Bessent and Commerce Secretary nominee Howard Lutnick are instructed to devise a plan in the next 90 days for the creation of the fund, according to the White House. The proposal will include recommendations on funding mechanisms, investment strategies, fund structure and a governance model. 

More details on the sovereign wealth fund were not immediately available, and it’s unclear whether Congress will sign off on it. 

Fox News’ Greg Norman contributed to this report. 

This post appeared first on FOX NEWS

previous post
Source Rock Royalties Confirms Monthly Dividend Record Date and Payment Date
next post
Trump freezes aid to South Africa, promotes resettlement of refugees facing race discrimination

Related Posts

FDA phasing out some animal testing in ‘win-win’...

April 11, 2025

SCOOP: White House rallies House GOP on Trump...

April 3, 2025

Trump says he’ll speak with Putin in call...

March 18, 2025

White House unleashes on ‘rogue bureaucrats’ after agency...

March 9, 2025

Experts reveal Trump’s next move could be ‘nail...

April 27, 2025

Former Trump officials reject whistleblower claim that FBI...

January 29, 2025

Trump’s most vulnerable nominees RFK Jr, Tulsi Gabbard...

January 27, 2025

Nuclear watchdog urges ‘trust but verify’ that Iran...

April 24, 2025

‘JOE, YOU’RE FIRED’: President Trump revokes Biden’s security...

February 8, 2025

SEE IT: Republicans reveal expectations for Elon Musk’s...

March 6, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      First lady Melania Trump’s new official portrait revealed

      January 28, 2025
    • 2

      Health experts prep Dem lawmakers on anti-vaccine arguments ahead of RFK Jr’s confirmation hearings

      January 28, 2025
    • 3

      Vale Launches Strategic Review of Thompson Nickel Operations Amid Market Challenges

      January 28, 2025
    • 4

      ECOWAS pledges to ‘keep door open’ after 3 coup-hit West African nations exit regional bloc

      January 30, 2025
    • 5

      American fighters are dying in Ukraine in growing numbers. Bringing their bodies home is a complex task

      January 30, 2025
    • 6

      Scorched-earth Shanahan: RFK Jr’s former running mate threatens political war against confirmation opponents

      January 30, 2025
    • 7

      Coral bleaching on Australia’s Great Barrier Reef reaches ‘catastrophic’ levels, study finds

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: richpeopletrades.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 richpeopletrades.com | All Rights Reserved