| ◼ Our advice on the plane: Mr. President, get your mind out of the Qatar.
◼ President Donald Trump took a productive trip to the Middle East this week. Ahead of it, the New York Times predicted that Trump would go abroad not to retail a foreign policy vision but to secure “business deals.” And he secured plenty of those—and routinely inflated their value (a $600 billion deal with the Saudi government turned out to be a $238 billion deal, and Qatar will supposedly generate $1.2 trillion in “economic exchange,” which is six times the country’s total GDP). But Trump did more. He declared his intention to withdraw all U.S. sanctions against Syria in recognition of its new, post–Bashar al-Assad reality. He pledged to “protect” the Qataris, notwithstanding their history of supporting Islamist terrorism, and he renewed his commitments to Saudi security. This approach is not the wholesale retrenchment from the region advocated by the so-called “restrainers” in the Trump administration. Perhaps that’s why Trump, in his Riyadh speech, denounced the “neocons” and “nation builders” who haunt the MAGA mind.
◼ China and the U.S. called off their embargoes on each other. Tit-for-tat tariff escalation had resulted in 145 percent levies on Chinese goods entering the U.S. and 125 percent levies on U.S. goods entering China. Those will fall to 30 percent and 10 percent, respectively, for the next 90 days. It was encouraging to hear Treasury Secretary Scott Bessent say that “decoupling” is not in the interest of either the U.S. or China, and that both countries wish to continue trading for mutual benefit—a stance compatible with discrete policies to promote U.S. security interests. One step in that direction would be enforcing the law already passed by Congress to eliminate Chinese government control of TikTok. Another is assessing particular critical products we need built at home. Increasing our economic ties to third countries remains a neglected strategic imperative—one that Trump’s trade policies so far have set back.
◼ $TRUMP is the president’s meme coin, a cryptocurrency token that seems to have little purpose besides enriching Trump and his family. It was launched right before Trump’s inauguration, and Trump-owned companies still hold 80 percent of the coins. So when the value goes up, so does Trump’s net worth, by billions of dollars. The sale of the coins plus fees has so far made about $350 million in income. Trump is now offering top owners of the coin the chance to have dinner at the White House, which spurred another surge in valuation. This is bad for the crypto industry, which already struggles with a public image tainted by scams, and for civic health, which simply struggles.
◼ Under no circumstances should the president of the United States use a plane donated to him by a foreign government, even if that government were not, as our Andrew C. McCarthy has laid out, “second only to Iran when it comes to state sponsorship of jihadist terrorism.” That the emir of Qatar has offered Trump a Boeing 747-8 “palace in the sky” as a replacement for the delayed Air Force One replacement is extraordinary, and the convoluted explanations and rationalizations from the president have not been reassuring. Trump insists the luxury jumbo jet isn’t a gift to him but to the U.S. Department of Defense. He has also said that when he leaves office, the plane will be decommissioned from military use and turned over to his eventual presidential library. In an Oval Office press gaggle, Trump scoffed, “I could be a stupid person [and] say, ‘No, we don’t want a free, very expensive airplane.’” Or he could be even denser and willingly use the former plane of a two-faced foreign power and assume that U.S. inspection efforts would find every listening device, homing beacon, and electronic monitoring gadget. The deal has the preliminary approval of U.S. Attorney General Pam Bondi — but she just recently worked as a lobbyist for the Qatari government. The president has to go pretty far out to shake the confidence of the likes of conspiracy theorist and Trump superfan Laura Loomer, but somehow, he has done it. Trump ought to heed the assessment of an American leader who was resolutely determined to crush Islamist terrorism, who in 2017 declared that “there can no longer be funding of radical ideology,” and who concluded that the finger of blame pointed to the leaders of Qatar. That leader, of course, was President Donald Trump.
◼ Health and Human Services Secretary Robert F. Kennedy Jr., at a White House event to announce Trump’s new executive order on prices for prescription drugs, said he had a “couple of kids who are Democrats, big Bernie Sanders fans,” who had “tears in their eyes” when they heard about the plan. Under the order, HHS would force drug manufacturers to charge the U.S. the lowest price it charges any country. Whether the president has the legal power to make this command is questionable. The reason drug makers charge Americans more is that other countries have price controls and the U.S. does not. Breaking down barriers to fair pricing overseas might be something worth pursuing as part of ongoing trade discussions. The Trump plan is instead to import the price controls of other countries with socialized health-care systems and thus remove the incentives to develop new drugs. It’s those who might benefit from medical innovation who should have tears in their eyes.
◼ Four days before Pennsylvania’s May 2022 Senate primaries, Democratic front-runner John Fetterman suffered a stroke. He went on to win the primary and the election, even though his speech and comprehension were impaired. Since then, Fetterman has made visible progress. He was hospitalized for depression but emerged well enough to carry on. Yet suddenly, after three years, his health has become a hot topic in his own party. Most consultants and officeholders who express their worries do so in the language of concern for Fetterman’s welfare. Sentiment among some Democratic activists can be more blunt. “I don’t like him and I hate that I voted for him,” one attendee at a Bucks County town hall told the Daily Caller. He might as well “hang a Nazi flag” outside his office, said another. So what happened between Fetterman’s election and now? Hamas’s invasion of Israel and Israel’s counterstrike in Gaza. Fetterman has met approvingly with Benjamin Netanyahu and waved an Israeli flag at pro-Hamas protesters at the Capitol. It is not the first time the hard left has treated deviation from its line as a sign of mental illness. |