WASHINGTON: Fed up with high prices and unimpressed with an economy that by just about any measure is a healthy one, Americans demanded change when they voted for president.
They could get it.
President-elect Donald Trump has vowed to topple many of the Biden administration’s economic policies. Trump campaigned on promises to impose huge tariffs on foreign goods, slash taxes on individuals and businesses and deport millions of undocumented immigrants working in the United States.
With their votes, tens of millions of Americans expressed their confidence that Trump can restore the low prices and economic stability they recall from his first term — at least until the COVID-19 recession of 2020 paralyzed the economy and then a powerful recovery sent inflation soaring. Inflation has since plummeted and is nearly back to normal. Yet Americans are frustrated over still-high prices.
“His track record proved to be, on balance, positive, and people look back now and think: ‘Oh, OK. Let’s try that again,’ ” said Douglas Holtz-Eakin, a former White House economic adviser, director of the Congressional Budget Office and now president of the conservative American Action Forum think tank.
Since Election Day, the Dow Jones Industrial Average has skyrocketed more than 1,700 points, largely on expectations that tax cuts and a broad loosening of regulations will accelerate economic growth and swell corporate profits.
Maybe they will. Yet many economists warn that Trump’s plans are likely to worsen the inflation he’s vowed to eradicate, drive up the federal debt and eventually slow growth.
Trump policies could boost inflation
The Peterson Institute for International Economics, a leading think tank, has estimated that Trump’s policies would slash the US gross domestic product — the total output of goods and services — by between $1.5 trillion and $6.4 trillion through 2028. Peterson also estimated that Trump’s proposals would drive prices sharply higher within two years: Inflation, which would otherwise come in at 1.9 percent in 2026, would instead jump to between 6 percent and 9.3 percent if Trump’s policies were enacted in full.
Last month, 23 Nobel-winning economists signed a letter warning that a Trump administration “will lead to higher prices, larger deficits, and greater inequality.”
“Among the most important determinants of economic success,” they wrote, “are the rule of law and economic and political certainty, and Trump threatens all of these.’’
Trump is inheriting an economy that, despite frustratingly high prices, looks fundamentally strong. Growth came in at a healthy 2.8 percent annual rate from July through September. Unemployment is 4.1 percent — quite low by historic standards.
Among wealthy countries, only Spain will experience faster growth this year, according to the International Monetary Fund’s forecast. The United States is the economic “envy of the world,” the Economist magazine recently declared.
The Federal Reserve is so confident that US inflation is slowing toward its 2 percent target that it cut its benchmark rate in September and again this week.
Americans are deeply unhappy with prices
Consumers, though, still bear the scars of the inflationary surge. Prices on average are still 19 percent higher than they were before inflation began to accelerate in 2021. Grocery bills and rent hikes are still causing hardships, especially for lower-income households. Though inflation-adjusted hourly wages have risen for more than two years, they’re still below where they were before President Joe Biden took office.
Voters took their frustration to the polls. According to AP VoteCast, a sweeping survey of more than 120,000 voters nationwide, 3 in 10 voters said their family was “falling behind’’ financially, up from 2 in 10 in 2020. About 9 in 10 voters were at least somewhat worried about the cost of groceries, 8 in 10 about the cost of health care, housing or gasoline.
“I don’t think it’s either deep or complicated,’’ Holtz-Eakin said. “The real problem is the Biden-Harris team made people worse off, and they were very angry about it, and we saw the result.’’
The irony is that mainstream economists fear Trump’s remedies will make price levels worse, not better.
Tariffs are a tax on consumers
The centerpiece of Trump’s economic agenda is taxing imports. It’s an approach that he asserts will shrink America’s trade deficits and force other countries to grant concessions to the United States. In his first term, he increased tariffs on Chinese goods, and he’s now promised much more of the same: Trump wants to raise tariffs on Chinese goods to 60 percent and impose a “universal’’ tax of 10 percent or 20 percent on all other imports.
Trump insists that other countries pay tariffs. In fact, American companies pay them — and then typically pass along their higher costs to their customers via higher prices. Which is why taxing imports is normally inflationary. Worse, other countries usually retaliate with tariffs on American goods, thereby hurting US exporters.
Kimberly Clausing and Mary Lovely of the Peterson Institute have calculated that Trump’s proposed 60 percent tax on Chinese imports and his high-end 20 percent tariff on everything else would impose an after-tax loss on a typical American household of $2,600 annually.
The economic damage would likely spread globally. Researchers at Capital Economics have calculated that a 10 percent US tariff would hurt Mexico hardest. Germany and China would also suffer. All of that depends, of course, on whether he actually does what he said during the campaign.
Deportations would rattle the US job market
Trump has threatened to deport millions of undocumented immigrants, potentially undermining one of the factors that allowed the United States to tame inflation without falling into recession.
The Congressional Budget Office reported that net immigration — arrivals minus departures — reached 3.3 million in 2023. Employers needed the new arrivals. After the economy rebounded from the pandemic recession, companies struggled to hire enough workers, especially because so many native-born baby boomers were retiring.
Immigrants filled the gap. Over the past four years, 73 percent of those who entered the labor force were foreign born.
Economists Wendy Edelberg and Tara Watson of the Brookings Institution’s Hamilton Project found that by raising the supply of workers, the influx of immigrants allowed the United States to generate jobs without overheating and accelerating inflation.
The Peterson Institute calculates that the deportation of all 8.3 million immigrants believed to be working illegally in the United States would slash US GDP by $5.1 trillion and raise inflation by 9.1 percentage points by 2028
Big tax cuts could swell the federal deficit
Trump has proposed extending 2017 tax cuts for individuals that were set to expire after 2025 and restoring tax breaks for businesses that were being reduced. He’s also called for ending taxes on Social Security benefits, overtime pay and tips as well as further reducing the corporate income tax rate for US manufacturers.
The University of Pennsylvania’s Penn Wharton Budget Model estimates that Trump’s tax policies would i ncrease budget deficits by $5.8 trillion over 10 years. Even if the tax cuts generated enough growth to recoup some of the lost tax revenue, Penn Wharton calculated, deficits would still increase by more than $4.1 trillion from 2025 through 2034.
The federal budget is already out of balance. An aging population has required increased spending on Social Security and Medicare. And past tax cuts have shrunk government revenue.
Holtz-Eakin said he worries that Trump has little appetite for taking the steps — cuts to Social Security and Medicare, tax increases or some combination — needed to bring the federal budget meaningfully closer to balance.
“It’s not going to happen,” Holtz-Eakin said.
Frustrated Americans await the economic changes they voted for with Trump
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Frustrated Americans await the economic changes they voted for with Trump

- In returning Trump to power, tens of millions of Americans expressed their confidence that he can restore the low prices and economic stability they recall from his first term
- Inflation has since plummeted and is nearly back to normal. Yet Americans are frustrated over still-high prices
UK, France to enable ‘co-ordinated’ nuclear deterrent

- Western Europe's two nuclear powers agree to “refresh” their defense ties
- Vow to jointly respond to any “extreme threat to Europe”
LONDON: The UK and France will declare that the two nations’ nuclear deterrents, while independent, can be co-ordinated and that they will jointly respond to any “extreme threat to Europe,” both countries said Wednesday.
The declaration, to be signed Thursday, will state that the respective deterrents of both countries remain under national control “but can be co-ordinated, and that there is no extreme threat to Europe that would not prompt a response by both nations,” the UK’s Ministry of Defense (MoD) and the French presidency said in an overnight statement.
French President Emmanuel Macron will sign the agreement Thursday as he wraps up his three-day state visit to the UK with a bilateral summit, where the allies will “reboot” defense ties with a focus on joint missile development and nuclear co-operation.
France’s leader and UK Prime Minister Keir Starmer will co-host the London summit, with the two sides also expected to discuss maintaining support for Ukraine and curbing undocumented cross-Channel immigration.
Ahead of the gathering, which follows two days of varied events spanning pomp and politics, trade and culture, France and Britain announced their “defense relationship” will be “refreshed.”
It will see London and Paris order more Storm Shadow cruise missiles — long-range, air-launched weapons jointly developed by the two countries and called SCALP by the French — while stepping up work on a replacement system.
The missiles have been shipped to Ukraine in significant numbers in recent years to help Kyiv in its war with Russia.
The new partnerships herald a new “Entente Industrielle” making “defense an engine for growth,” said the MoD.
“As close partners and NATO allies, the UK and France have a deep history of defense collaboration and today’s agreements take our partnership to the next level,” Starmer said in the statement.
Starmer and Macron will also on Thursday dial into a meeting of the so-called “coalition of the willing” on Ukraine, a group of countries backing the embattled nation.
AI giant Nvidia becomes first company to reach $4 tn in value

- Nvidia now has a market value greater than the GDP of France, Britain or India
- The California chip company’s latest surge is helping drive a recovery in the broader stock market
NEW YORK: Nvidia became the first company to touch $4 trillion in market value on Wednesday, a new milestone in Wall Street’s bet that artificial intelligence will transform the economy.
Shortly after the stock market opened, Nvidia vaulted as high as $164.42, giving it a valuation above $4 trillion. The stock subsequently edged lower, ending just under the record threshold.
“The market has an incredible certainty that AI is the future,” said Steve Sosnick of Interactive Brokers. “Nvidia is certainly the company most positioned to benefit from that gold rush.”
Nvidia, led by electrical engineer Jensen Huang, now has a market value greater than the GDP of France, Britain or India, a testament to investor confidence that AI will spur a new era of robotics and automation.
The California chip company’s latest surge is helping drive a recovery in the broader stock market, as Nvidia itself outperforms major indices.
Part of this is due to relief that President Donald Trump has walked back his most draconian tariffs, which pummeled global markets in early April.
Even as Trump announced new tariff actions in recent days, US stocks have stayed at lofty levels, with the tech-centered Nasdaq ending at a fresh record on Wednesday.
“You’ve seen the markets walk us back from a worst-case scenario in terms of tariffs,” said Angelo Zino, technology analyst at CFRA Research.
While Nvidia still faces US export controls to China as well as broader tariff uncertainty, the company’s deal to build AI infrastructure in Saudi Arabia during a Trump state visit in May showed a potential upside in the US president’s trade policy.
“We’ve seen the administration using Nvidia chips as a bargaining chip,” Zino said.
Challenged by DeepSeek
Nvidia’s surge to $4 trillion marks a new benchmark in a fairly consistent rise over the last two years as AI enthusiasm has built.
In 2025 so far, the company’s shares have risen more than 21 percent, whereas the Nasdaq has gained 6.7 percent.
Taiwan-born Huang has wowed investors with a series of advances, including its core product: graphics processing units (GPUs), key to many of the generative AI programs behind autonomous driving, robotics and other cutting-edge domains.
The company has also unveiled its Blackwell next-generation technology allowing more super processing capacity. One of its advances is “real-time digital twins,” significantly speeding production development time in manufacturing, aerospace and myriad other sectors.
However, Nvidia’s winning streak was challenged early in 2025 when China-based DeepSeek shook up the world of generative AI with a low-cost, high-performance model that challenged the hegemony of OpenAI and other big-spending behemoths.
Nvidia’s lost some $600 billion in market valuation in a single session during this period.
Huang has welcomed DeepSeek’s presence, while arguing against US export constraints.
At the forefront of “AI agents”
In the most recent quarter, Nvidia reported earnings of nearly $19 billion despite a $4.5 billion hit from US export controls limiting sales of cutting-edge technology to China.
The first-quarter earnings period also revealed that momentum for AI remained strong. Many of the biggest tech companies — Microsoft, Google, Amazon and Meta — are jostling to come out on top in the multi-billion-dollar AI race.
A recent UBS survey of technology executives showed Nvidia widening its lead over rivals.
Zino said Nvidia’s latest surge reflected a fuller understanding of DeepSeek, which has ultimately stimulated investment in complex reasoning models but not threatened Nvidia’s business.
Nvidia is at the forefront of “AI agents,” the current focus in generative AI in which machines are able to reason and infer more than in the past, he said.
“Overall the demand landscape has improved for 2026 for these more complex reasoning models,” Zino said.
But the speedy growth of AI will also be a source of disruption.
Executives at Ford, JPMorgan Chase and Amazon are among those who have begun to say the “quiet part out loud,” according to a Wall Street Journal report recounting recent public acknowledgment of white-collar job loss due to AI.
Shares of Nvidia closed the day at $162.88, up 1.8 percent, finishing at just under $4 trillion in market value.
Trump promises West African leaders a pivot to trade as the region reels from sweeping aid cuts

- Trump described the nations represented at the meeting as “all very vibrant places with very valuable land, great minerals, and great oil deposits, and wonderful people”
- West African countries are among the hardest hit by the dissolution of USAID
WASHINGTON: President Donald Trump promised West African leaders a pivot from aid to trade during a White House meeting Wednesday as the region reels from the impact of sweeping US aid cuts.
Trump said he sees “great economic potential in Africa” as the leaders of Liberia, Senegal, Gabon, Mauritania and Guinea-Bissau boasted of their countries’ natural resources and heaped praise on the US president, including their thanks for his help in settling a long-running conflict between Rwanda and the Democratic Republic of Congo.
Trump described the nations represented at the meeting as “all very vibrant places with very valuable land, great minerals, and great oil deposits, and wonderful people” — a definite shift from his first term, when he used a vulgar term to describe African nations.
The meeting comes amid a shift in US global and domestic priorities under Trump’s leadership. Earlier this month, US authorities dissolved theUS Agency for International Development and said it was no longer following what they called “a charity-based foreign aid model” and instead would focus on partnerships with nations that show “both the ability and willingness to help themselves.”
The five nations whose leaders were meeting Trump represent a small fraction of US-Africa trade, but they possess untapped natural resources. Senegal and Mauritania are important transit and origin countries when it comes to migration and along with Guinea-Bissau are struggling to contain drug trafficking, both issues of concern for the Trump administration.
In their speeches, each African leader adopted a flattering tone to commend Trump for what they described as his peace efforts across the world and tried to outshine one another by listing the untapped natural resources their nations possess.
“We have a great deal of resources,” said Mohamed Ould Ghazouani, president of Mauritania, listing rare earths, as well as manganese, uranium and possibly lithium. “We have a lot of opportunities to offer in terms of investment.”
Last month, the US administration facilitated a peace deal between Rwanda and Congo to help end the decadeslong deadly fighting in eastern Congo, while enabling the US to gain access to critical minerals in the region. But analysts said it won’t end the fighting because the most prominent armed group said it does not apply to it.
During the meeting, Trump described trade as a diplomatic tool. Trade “seems to be a foundation” for him to settle disputes between countries, he said.
“You guys are going to fight, we’re not going to trade,” Trump said. “And we seem to be quite successful in doing that.”
He added, addressing the African leaders: “There is a lot of anger on your continent.”
As he spoke, the US administration continued sending out notifications to developing countries about higher tariff rates effective from August 1. The five Western African nations were not among them.
The portion of the lunch meeting that was open to the press didn’t touch much on the loss of aid, which critics say will result in millions of deaths.
“We have closed the USAID group to eliminate waste, fraud and abuse,” Trump said Wednesday. “And we’re working tirelessly to forge new economic opportunities involving both the United States and many African nations.”
West African countries are among the hardest hit by the dissolution of USAID. The US support in Liberia amounted to 2.6 percent of the country’s gross national income, the highest percentage anywhere in the world, according to the Center for Global Development.
Liberian President Joseph Nyuma Boakai in a statement “expressed optimism about the outcomes of the summit, reaffirming Liberia’s commitment to regional stability, democratic governance and inclusive economic growth.”
During the meeting, Trump reacted with visible surprise to Boakai’s English-speaking skills, which he praised. English is the official language of Liberia, which was established in the early 1800s with the aim of relocating freed African slaves and free-born Black citizens from the United States.
Gabon, Liberia, Mauritania and Senegal are among 36 countries that might be included in the possible expansion of Trump’s travel ban.
Experts said that the meeting highlighted the new transactional nature of the relationship between the US and Africa.
“We are likely to see a trend where African countries will seek to leverage resources such as critical minerals, or infrastructure such as ports, to attract US commercial entities in order to maintain favorable relations with the current US administration,” aid Beverly Ochieng, an analyst at Control Risks, a security consulting firm. “Each of the African leaders sought to leverage natural resources in exchange for US financial and security investments, and appeared to view the US intervention in the Democratic Republic of Congo as a model to further cooperation.”
US resumes sending some weapons to Ukraine after Pentagon pause

- Weapons now moving into Ukraine include 155 mm munitions and precision-guided rockets known as GMLRS
- Trump has become increasingly frustrated with Russian President Vladimir Putin, saying he wasn’t happy with him
WASHINGTON: The Trump administration has resumed sending some weapons to Ukraine, a week after the Pentagon had directed that some deliveries be paused, US officials said Wednesday.
The weapons heading into Ukraine include 155 mm munitions and precision-guided rockets known as GMLRS, two officials told The Associated Press on the condition of anonymity to provide details that had not been announced publicly. It’s unclear exactly when the weapons started moving.
Defense Secretary Pete Hegseth directed the pause on some shipments last week to allow the Pentagon to assess its weapons stockpiles, in a move that caught the White House by surprise.
Affected was Patriot missiles, the precision-guided GMLRS, Hellfire missiles, Howitzer rounds and more, taking not only Ukrainian officials and other allies by surprise but also US lawmakers and other parts of the Trump administration, including the State Department.
It was not clear if a pause on Patriot missiles would hold. The $4 million munition is in high demand and was key to defending a major US air base in Qatar last month as Iran launched a ballistic missile attack in response to the US targeting its nuclear facilities.
President Donald Trump announced Monday that the US would continue to deliver defensive weapons to Ukraine. He has sidestepped questions about who ordered the pause in exchanges with reporters this week.
“I would know if a decision is made. I will know,” Trump said Wednesday. “I will be the first to know. In fact, most likely I’d give the order, but I haven’t done that yet.”
Asked a day earlier who ordered the pause, he said, “I don’t know. Why don’t you tell me?”
Trump has privately expressed frustration with Pentagon officials for announcing the pause — a move that he felt wasn’t properly coordinated with the White House, according to three people familiar with the matter.
The Pentagon has denied that Hegseth acted without consulting the president, saying, “Secretary Hegseth provided a framework for the President to evaluate military aid shipments and assess existing stockpiles. This effort was coordinated across government.”
It comes as Russia has fired escalating air attacks on Ukraine, with a barrage that the largest number of drones fired in a single night in the three-year-old war, Ukrainian officials said Wednesday.
Trump has become increasingly frustrated with Russian President Vladimir Putin, saying he wasn’t happy with him.
“Putin is not, he’s not treating human beings right,” Trump said during a Cabinet meeting Tuesday, explaining the pause’s reversal. “It’s killing too many people. So we’re sending some defensive weapons to Ukraine, and I’ve approved that.”
The 155 mm artillery rounds have become some of the most used munitions of the war. Each round is about 2 feet (60 centimeters) long, weighs about 100 pounds (45 kilograms) and is 155 mm, or 6.1 inches, in diameter. They are used in Howitzer systems, which are towed large guns identified by the range of the angle of fire that their barrels can be set to.
Howitzer fires can strike targets up to 15 to 20 miles (24 to 32 kilometers) away, depending on what type of round and firing system is used, which makes them highly valued by ground forces to take out enemy targets from a protected distance.
The US has provided more than 3 million 155 mm rounds to Ukraine since Russia invaded its neighbor in February 2022. It has sent more than $67 billion in overall weapons and military assistance to Ukraine in that period.
Nobel: The prize for peace that leaders go to war for

- Israeli PM’s nomination of Trump has reopened debate over the Nobel Peace Prize’s meaning and credibility
- As Gaza burns and indictments loom, a wartime leader endorsing a recipient raises questions, says analyst
LONDON: In what supporters have called a symbol of solidarity and detractors a humiliating act of fealty, Israel’s Prime Minister Benjamin Netanyahu this week revealed he had nominated Donald Trump for the Nobel Peace Prize — an award long sought by the US president.
The decision by Netanyahu appears designed to help bolster ties between the two long-term allies and ease reported tensions over Israel’s 21-month-long war in Gaza and its bruising 12-day conflict with Iran last month.
Netanyahu presented the nomination letter to Trump at the White House on Monday, and was met with a look of surprise from the US president.
“It’s nominating you for the Peace Prize, which is well deserved, and you should get it,” Netanyahu said.
“Wow, coming from you, in particular, this is very meaningful. Thank you very much, Bibi,” Trump responded.
FASTFACTS:
• The Nobel Peace Prize was founded by Alfred Nobel, the inventor of dynamite.
• Regret over his invention partly drove Nobel to create the prize to promote peace.
• Carl von Ossietzky, Aung San Suu Kyi, and Liu Xiaobo, were imprisoned when awarded.
• The youngest Nobel Peace laureate is Malala Yousafzai, who received it in 2014 at age 17.
For Dania Koleilat Khatib, a specialist in US-Arab relations, Netanyahu’s decision to nominate the president rests on his desire to “do anything to court Trump.”
She told Arab News that Netanyahu arrived in Washington with a set of demands covering almost every regional file of interest to Israel: Syria, Turkiye, Gaza, the West Bank and Iran.
Netanyahu is also seeking US guarantees relating to arms supplies, especially after Iran’s ballistic missile barrages last month placed substantial pressure on Israeli air defense systems, Khatib said.
“He wants to show Trump that he is the best ally he can have; he also knows that Trump is really looking after getting the Nobel Peace Prize,” she added.

Trump has made no secret of his yearning for the prestigious prize, yet the nomination itself is only the first part of an extensive, secret process that winds up in the stately committee room of Oslo’s Nobel Institute.
The distinction and tradition of the Nobel name, however, is arguably a far cry from the reputation of Trump’s nominator.
Netanyahu, alongside former defense minister Yoav Gallant, is the subject of an arrest warrant issued by the International Criminal Court over allegations of war crimes and crimes against humanity relating to the conduct of Israel’s military in Gaza.

That fact would no doubt weigh on the minds of the five Norwegian Nobel Committee members who deliberate over the prize.
For Khatib, the ICC arrest warrant alone means that Netanyahu’s gesture is “worthless.”
She told Arab News: “I am not sure whether the nomination will be discarded but it is ironic that someone wanted by the ICC for alleged war crimes and potentially genocide nominates someone for the Nobel Peace Prize.”
GUIDELINES ON NOBEL NOMINATIONS
• Only nominees put forward by qualified nominators are considered.
• Self-nominations are not accepted.
• The prize may be awarded to individuals or organizations.
Upholding the reputation of the prize is a tall order, in part due to the strictness of its rules. The committee’s choice for the annual award effectively ties the Nobel name to the future reputation of any recipient. The Nobel Foundation’s Statutes also forbid the revocation of any award.
Aung San Suu Kyi, the Burmese icon of democracy, fell from grace over her treatment of the Rohingya Muslim minority in the decades since she was awarded the Nobel Peace Prize in 1991.
Former US President Barack Obama was controversially awarded the prize just nine months into his first term, to the dismay of figures including Trump, who called on the institution to retract the award.
The decision to award Obama for “extraordinary efforts to strengthen international diplomacy and cooperation between peoples” soon appeared foolish after it emerged the president had told aides, referring to his use of drone strikes: “Turns out I’m really good at killing people.”

The Nobel Committee’s then secretary, Geir Lundestad, later expressed regret over the decision. “Even many of Obama’s supporters believed that the prize was a mistake,” he said. “In that sense the committee didn’t achieve what it had hoped for.”
Khatib told Arab News that the most basic requirement of the prize is that the recipient contributes to peace.
“I personally don’t know why Obama was awarded the Nobel Peace Prize,” she told Arab News. “What was the achievement for which he was awarded the prize?”
The Obama controversy may well have sparked Trump’s desire to win the prize. He has referred to the 2009 award numerous times since, and has regularly expressed frustration over an accomplishment that he feels has eluded him.

Netanyahu’s nomination of Trump, however, is only the most recent that the US leader has received. He was nominated separately by a group of House Republicans in the US and two Norwegian lawmakers for his work to defuse nuclear tensions with North Korea in 2018.
In 2021, Trump was also nominated by one of the two Norwegian lawmakers and a Swedish official for his peace efforts in the Middle East, including the Abraham Accords, which established formal relations between Israel and several Arab states.
Shinzo Abe, the late former prime minister of Japan, also nominated Trump in 2019.
Earlier this year, Pakistan said that it had nominated Trump for the prize in recognition of his work to end the country’s brief conflict with India. New Delhi later denied that Washington played a role in mediation.
WHO CAN NOMINATE
• Members of national assemblies and governments.
• Members of international courts.
• University rectors, professors, and directors of peace research or foreign policy institutes.
• Past laureates and board members of laureate organizations.
* Current and former Norwegian Nobel Committee members and former advisers.
Trump is also working toward a diplomatic solution to the Russia-Ukraine conflict, which has so far defied his negotiators.
A day after Monday’s White House meeting, Netanyahu’s office released a copy of the nomination letter — dated July 1 — seen by Trump.
“President Trump has demonstrated steadfast and exceptional dedication to promoting peace, security and stability around the world,” it said.
“In the Middle East, his efforts have brought about dramatic change and created new opportunities to expand the circle of peace and normalization.”

The prime minister’s letter singled out the Abraham Accords as Trump’s “foremost achievement” in the region.
“These breakthroughs reshaped the Middle East and marked a historic advance toward peace, security and regional stability,” it said.
The description of the region as having experienced a historic advance toward peace will raise eyebrows in many parts of the Middle East.
IN NUMBERS:
• 142 Individuals and organizations have received the prize since 1901.
• 19 Women have been awarded.
• 28 Organizations received the award.
• 19 Years the prize was not awarded.
(Source: NobelPrize.org)
Yet the strange circumstances of an alleged war criminal acting as a peace prize nominator has parallels with the Nobel name’s own peculiar past.
The prizes were established through the will of Alfred Nobel, a Swedish chemist, inventor and industrialist who amassed a fortune after inventing and patenting dynamite. The explosive was rapidly adopted for industrial use but was also soon prized for its utility as a tool of warfare.
The first awards bearing the Nobel name were handed out just after the turn of the century in 1901, five years after the Swedish visionary had died.

They cover medicine, physics, chemistry, literature and peace. An economics prize was later established by the Swedish Central Bank in 1968, but it is not considered a Nobel prize in the same manner.
Nobel’s wishes were for the peace prize to go to “the person who shall have done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses.”
The strict codification of Nobel’s will resulted in the Nobel Statutes, a set of rules followed by the Nobel Foundation, which oversees the secretive process behind the five prizes. Judges are forbidden from discussing their deliberations for half a century after they take place.
The peace committee is the sole Nobel prize body in Norway, and its five members are appointed by the country’s parliament.
Nominations for the revered prize can only be submitted by specific people and organizations, including heads of state, national politicians, academic professors and company directors, among others. It is forbidden for people to nominate themselves.
Prominent Arab politicians have been awarded the peace prize.
Yasser Arafat was given the award in 1994 for his efforts toward reaching a peaceful settlement to the Israel-Palestine conflict. In 1978, Egypt’s Anwar Sadat was recognized for signing the Camp David Accords, which were witnessed by Jimmy Carter, the US president at the time, who was later awarded the prize in 2002 for his work to promote human rights after leaving office.
For Trump, however, hopes for his long-desired prize will have to wait until next year; nominations must be submitted before February for the prize to be awarded in the same year.
At the time of publishing, the Nobel Committee had not commented on Netanyahu’s nomination, whether they had any reservations, or whether they would accept it.