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Trump Stumped the World, Buzzes Countries with the Ban

Dynamic Equities Pvt Ltd | 30 Jan, 2017  | Follow Author | Add to my Favourites 
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Weekends have been very happening of late, some days in India and others around the Globe. After the Trump Cards of Indian Prime Minister, Mr. Narendra Modi, Now the US president elect, Donald trump is trying his hands in the Game. On Friday, 27th January 2017, the president elect signed an executive order toughing his stance on the immigrants and refugees flowing in the US. The order issued a ban on the entry of refugees from seven Muslim-majority nations and put precincts on the entry of Syrian refugees into the US. The Republican President said that the move is issued for “national security” and to “keep radical Islamic terrorists out of the US.”


The Order:


The order prohibits on nationals from seven Muslim-majority nations – Iraq, Iran, Syria, Somalia, Sudan, Libya and Yemen for 90 days. The ban is not on every Muslim nation and people from countries such as Saudi Arabia, Egypt, Pakistan, can still enter US. The order also influences individuals who are green-card holders and were travelling overseas. According to the officials, the applications of green-card holders will be reviewed on case-to-case basis. It also prohibits refugee from different nations to enter the country for at least 120 days. The move also blocks entry of refugees from Syria for an unspecified period of time. The order does not have an effect on anyone with US citizenship, irrespective of whether the person is a natural-born US citizen or a naturalized citizen. President Trump, at a White House Press conference, described the order as a “travel ban” and said that it is working “very nicely”. He also insisted that in spite of claims, the order is not “anti-Muslim.”


Unprecedented! But Constitutional or Legal?


Federal law gives the president extensive powers to suspend entry of foreigners or categories of foreigners who would be harmful to the interests of the United States. However, this authority has never been applied so broadly or indiscriminately. Foreign nationals outside the United States, and those who have arrived in the country but haven't yet gone through Customs and Border Protection, generally do not have constitutional rights.


Judges in four cities—Alexandria, Virginia; Boston; New York; and Seattle—ruled against the confinement of individuals at airports—in cases filed by the ACLU (American Civil Liberty Union) and others. The rulings appear to be restricted to those people already at U.S. airports or in transit. They do not appear to say anything about the legality of the president’s actions. The rulings were in retort to legal challenges filed Saturday by the ACLU on behalf of two Iraqis who were detained at JFK Airport. The group also filed what’s known as a motion for class certification, which would let it to represent others who say they were held at airports and other ports of entry to the U.S. But there may be challenges ahead.


However, the order appears not to be on the face of it. And the courts will definitely have to evaluate some of the arguments of the parties. The US did use to ban entrants from specific countries and entire regions.

 

But in 1965, the US Congress passed the Immigration and Nationality Act which said that no person could be differentiated against in the issuance of an immigrant visa because of the person's race, sex, nationality, place of birth or place of residence. So, the barring of all Syrians would be enough to challenge Mr. Trump in court. The fact that they are all Muslim countries imparts weight to the argument that the order is "anti-Muslim" - which Trump aides have been keen to dismiss.


Trump’s Defense:


Mr. Trump said the halt on the refugee programme was required to give government agencies time to develop a stricter selection system and ensure that visas were not issued to individuals posing a national security risk. Mr. Priebus said the seven countries had been included because Congress and the Obama administration had recognized them as "the most watched countries harboring terrorists". Others could be added later, he said. Trump also added that it is not about Muslims but about terrorism and keeping the country safe.


Reactions from Worldwide:


India and Indian Stock market remained unaffected and Nifty continued to open in green. However, Nifty IT was hit with IT stocks dipping around 2% today. Many giants have reacted strongly to the order worldwide outing forward the criticism.


The Iranian government said that it was banning entry to US citizens in the country. The Iranian officials described the move as “insulting” and said that they will hit back against it till the restrictions in place are lifted. Iranian Foreign Ministry said the order will encourage more violence and extremism in the United States.


British PM Theresa May, who met with Trump on Friday, acknowledged that she does not agree with the immigration curbs implemented by the US President. Canada Prime Minister Justin Trudeau also came out in support of refugees and said that he will allow those escaping harassment to stay in Canada. Indonesian Foreign Minister Retno Marsudi said on Sunday the Muslim-majority nation genuinely regrets President Trump’s immigration orders. French President Francois Hollande who had a telephonic conversation last week counseled Trump against the isolationist policies. Trump’s Democratic rival Hillary Clinton, also expressed her opinion against the order.


Google's CEO condemned US President Trump's controversial move to severely confine entry of people from seven Muslim-majority countries into the US. Google has recalled its travelling staff, following the order. Facebook CEO, Mark Zuckerberg, sounded off against Trump's latest executive orders on Friday, a pair of orders that aim to restrict the number of immigrants and refugees admitted by the United States. Starbucks says it will hire 10,000 refugees over the next five years, a retort to President Donald Trump's indefinite suspension of Syrian refugees and temporary travel bans that apply to six other Muslim-majority nations.


Thousands of protesters congregated outside New York City’s JFK airport to protest against Trump. Several families were left tormented after their family members were detained after reaching US from nations subject to the travel ban. For hours, the crowds stood outside the airport, raising slogans against Trump’s order. Several lawyers reached the country’s airports and offered legal help to individuals and families who were detained at the airports. Similar scenes of disarray and protests were seen at other key airports in the country including Boston, Los Angeles and in Houston.



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About Dynamic Equities Pvt Ltd

Dynamic Equities Pvt. Ltd. is a a SEBI Registered Investment Advisor and Stock Broker, a leading financial services provider, and one of the major players in the Equity markets in India. With an experience of over 15+ years in Stock Markets and Equity Research, they provide daily updated Support & Resistance of 4200 instruments across 93 exchanges and 56 countries globally. They have an in-house team of over 25 analysts. Under the guidance and mentorship of Mr. Shailesh Saraf, MD of Dynamic Equities Pvt. Ltd., these analysts are dedicately involved in guiding their clients and users of the website www.dynamiclevels.com for trading in the market. Mr. Shailesh Saraf has an experience of over 24 years in the financial market, especially in capital & derivatives market operations, trading, research and management related areas. Dynamic Levels is a website owned by Dynamic Equities Pvt. Ltd. The website can be reached at www.dynamiclevels.com.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




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