Trump Considers Bailing Out His Family’s Major Business Partner

[fd-guy]

The Trump administration seems open to giving a massive lifeline to the UAE—which the country says it may need thanks to the war in Iran.

The US is drowning in debt, gas is over $4 per gallon, inflation is up and now Trump is looking to bailout another the UAE. I suppose propping up Israel isn't enough, he needs to protect his cronies.

The Trump administration is considering a bailout for the United Arab Emirates over economic losses sustained as a result of the U.S. war with Iran.

The Wall Street Journal reported Sunday that UAE officials are speaking with the White House about providing financial relief, such as a currency swap, if their economy takes an even bigger hit during the war. Khaled Mohamed Balama, governor of the UAE’s central bank, raised the issue in meetings with Treasury Secretary Scott Bessent last week. UAE officials reportedly have said their finances are OK for now, but they could need help in the future.

In an interview with CNBC Monday morning, Kevin Hassett, director of the National Economic Council, said that while he hadn’t spoken directly with Bessent about it, if the Strait of Hormuz remains closed and continues to hurt the UAE’s economy, the Trump administration would be willing to provide help.

“The UAE has been an incredibly valuable ally throughout this effort, and I am sure that the treasury secretary will make every effort to help them out should that be necessary,” Hassett said.
President Trump and his family have extensive business ties with the UAE. His son-in-law, Jared Kushner, took in about $200 million from the UAE’s sovereign wealth fund for his investment firm, Affinity Partners, in 2023. The next year, Kushner’s firm secured $1.5 billion from Abu Dhabi-based firm Lunate and Qatar’s sovereign wealth fund.

Last year, the UAE invested $2 billion into World Liberty Financial, the cryptocurrency venture run by Trump’s sons Eric and Donald Jr. Trump happened to lift export restrictions on computer chips at the same time. The Trump Organization is also building a luxury hotel in Dubai.

It’s interesting that administration officials are quick to say they would help out the UAE when other countries who have been hurt economically by the war and the Strait of Hormuz’s closure have been told that they’re on their own. It seems that Trump is certainly willing to help out those who are paying him.

[Precious_b]

Guess those arabs who kicked an oil tanker full of cash into the donny grift account are demanding a reversal of funds.

Of course we know the commander-n-thief will look to anyone else to make them whole if he can.

[pxmcc]

^^yes, including U.S. taxpayers..

[Precious_b]

Originally Posted by pxmcc

^^yes, including U.S. taxpayers..

But of course!

Lord knows the Big Cheato and maggies would not like anyone touching the orange ones piggy bank.

[VitaMan]

Dubai and UAE have made dozens or weapons purchases from the USA over the years.


Why don't we ever hear about them using them ?

[Precious_b]

Originally Posted by VitaMan

Dubai and UAE have made dozens or weapons purchases from the USA over the years.


Why don't we ever hear about them using them ?

Is that one of the allies that donny complains about not helping? I mean, it's their next door neighbor. And the USA military industrial complex can use the cash. And the rest of the world the oil that is bottlenecked. BTW I hear stocks of aviation fuel is getting critically low.