A surprising and controversial presidential announcement is made by Donald Trump. He plans to introduce a “gold card” immigration program, which will give a direct path to citizenship by paying a quite large $5 million fee. This measure, which will be released in the middle of September, means the state will find a new source of income by bringing the wealthy to the United States and collecting taxes from the people.
The Trump administration will be shuffling immigration policy and security issues while the announcement is in the air. Some scientists predict that the project will only be beneficial to the rich and will also lead to hardship for regular people. Others, however, claim that the program is essential for the economy and could be an instrument for the United States to attract more valuable constituents.
At the same time, the Group of 20 (G20) finance ministers and central bank governors were holding their meeting in Cape Town, South Africa, which was attacked by various disagreements and absences of members. Representatives from the United States, China, Japan, India, Canada, and other major economies did not come to the meeting, thus sparking debates on the meeting’s efficacy in addressing global economic issues.
The two-day meeting kicked off on Wednesday but was fouled by the lack of agreement on such important issues as financing of climate, relieving the debt of the developing nations, and the widening of the financial gap. He started off the discussion by urging the G20 members to seek such multilateral cooperation that would be responsive to global uncertainty and the intensifying conflicts, stating that the world could only go forward if it were united instead of being scattered into “conflicting” directions.
Despite the problems, some of the participants perceive there to be a strong chance of advancing without the latter big players being present. according to Daniel Silke (Political Futures Consultancy), the lack of the United States might be the engine for the rest of the conference members to come up with joint approaches to specific topics that could not be dealt with separately. So they might be able to have longer, more purposeful talks and a better chance of success.
The issues of the G20 meeting illustrate the problems of other geopolitical and market problems in the global community. During the pandemic impact, the nations are struggling with the devastation of the COVID-19 virus. They are also. now challenging climate change, and shifting power dynamics, So the effectiveness of global associations is more pressing.
Besides other political occurrences, Ukraine and the United States have ostensibly come to an agreement regarding natural resources, and it might facilitate the US’s access to these rare earth minerals in Ukraine. This settlement involves wider issues solved through negotiations, and amid it, the US is to provide funds and help Ukraine’s reconstruction process.
These terms, even if not yet concrete, carry the negotiations between the two countries one step further. The previous communications suggested the Trump office had required a $500 billion share (of mineral resources, mostly) in return for Kyiv, a sum that Ukrainian President Volodymyr Zelensky had refused in the first place.
While the global political and economic changes world actively participate in, the international community pay attention to the possible effect they would have on the future of diplomacy, trade, and cooperation among countries. The consequences of these talks and the decisions about how to solve the problems will probably be the reasons for other things coming for several years in the future.