Another day, more moves for President Trump
Donald Trump unsurprisingly continued to turn heads on Friday by enacting new sanctions on Iranian companies associated with missiles.
According to the Treasury Department, the new regulations were directed at 25 individuals and companies with ties to Iran’s ballistic missile program and supporters of Iran’s Islamic Revolutionary Guard Corps’ Qods Force.
About 140 miles east of Tehran earlier this week, in direct conflict with U.N. resolution 2231, a Khorramshahr medium-range ballistic missile flew 600 miles and then exploded. Back in September, Iran defense minister Brigadier Gen. Hossein Dehqan confirmed the beginning of production of the weapon.
“Iran’s continued support for terrorism and development of its ballistic missile program poses a threat to the region, to our partners worldwide, and to the United States,” said John E. Smith, acting director of the Treasury Department’s Office of Foreign Assets Control, via USA TODAY.
As usual, Trump took to Twitter to voice his opinion.
Even in September 2015, it was clear Trump was against the agreement in place during the Obama administration. It remains to be seen what sort of “deal” Trump could or would make with Iran.
In other Trump-related action, James Robart, a federal judge from Seattle, blocked the president’s executive ban on travelers from seven primarily Muslim nations. Widespread protest and the nullification of 60,000 visas have been the main results of this ban.
In economic news, Trump has signed an executive order to review the 2010 Dodd-Frank financial oversight law. This was aimed to promote financial stability for the future after the 2008–2009 economic catastrophe, though it was not in the best interest of large financial establishments on Wall Street.
“We expect to be cutting a lot out of Dodd-Frank because frankly, I have so many people, friends of mine that had nice businesses, they can’t borrow money,” Mr. Trump said in the State Dining Room, per MSN.com. “They just can’t get any money because the banks just won’t let them borrow it because of the rules and regulations in Dodd-Frank.”