Israel is gone if Harris wins, Trump tells Jewish coalition


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Former president Donald Trump on Thursday told Jewish donors in Las Vegas that they would be “abandoned” if Vice President Kamala Harris wins November's presidential election.

Speaking remotely to hundreds of donors with the Republican Jewish Coalition in Nevada, Mr Trump said he would bar refugees from Gaza and other “terror-infested areas” from the US and would arrest “pro-Hamas thugs”, in an apparent reference to pro-Palestine protesters on US university campuses.

“You’re going to be abandoned if she becomes president,” Mr Trump said. “If they win, Israel is gone, just remember that.”

Ms Harris has stuck to President Joe Biden's strong support of Israel and rejected calls from some in the Democratic Party that Washington should rethink sending weapons to Israel because of the high Palestinian death toll in Gaza.

She has, however, called for a ceasefire in Gaza, describing the situation as “devastating”.

Mr Trump promised supporters that, if elected, he would make sure US universities would lose accreditation and federal support over what he described as “anti-Semitic propaganda”. Protests erupted at college campuses across the country this spring, with students opposing Israel's war in Gaza and demanding institutions divest from companies backing Israel.

Republicans said the protests showed some Democrats are anti-Semites who supported chaos. Protest groups say authorities have unfairly labelled their criticism of Israel's policies as anti-Semitic.

Under both Mr Trump and Mr Biden similarly low numbers of Palestinians were admitted to the US as refugees. From fiscal year 2017-2020, the US accepted 114 Palestinian refugees, State Department data shows, compared to 124 Palestinian refugees from fiscal year 2021 to July 31 this year.

While Mr Trump sketched out few concrete Middle Eastern policy proposals for a second term, he painted a potential Harris presidency in cataclysmic terms for Israel. “You're not going to have an Israel if she becomes president,” Mr Trump said, without providing evidence.

Health authorities in Gaza say more than 40,800 Palestinians have been killed in the Israeli bombardment of the enclave since the October 7. The conflict began when Hamas militants led an attack on Israel that killed about 1,200 people.

UAE currency: the story behind the money in your pockets
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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

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UAE currency: the story behind the money in your pockets
Updated: September 06, 2024, 3:45 PM