By Jomo Kwame Sundaram and Kuhaneetha Bai Kalaicelvan
KUALA LUMPUR, Malaysia, Feb 24 2026 (IPS)
President Donald Trump has shaken up the world economy and the rule of international law in the first year of his second term – ostensibly to make America great again, particularly by reviving US manufacturing jobs.
Jomo Kwame Sundaram
The President has assumed authority from the US Congress to wage war, impose taxes, make treaties, set budgets, regulate federal-state relations and more.Tariffs
Trump’s 2nd April 2025 Liberation Day tariffs were ostensibly his primary means for generating manufacturing employment.
When the US Supreme Court overruled him on 20 February, he responded by imposing a 10% tariff on all imports, raised to 15% the next day!
The tariffs are a blunt means for reviving US manufacturing jobs. The policy assumes US manufacturing jobs have been mainly lost due to what the White House deems ‘unfair’ competition from cheap imports.
Undoubtedly, US and other transnational corporations have relocated production and generally sourced imports from abroad to reduce import costs.
Imposing tariffs on imported goods to raise their prices is supposed to induce manufacturers to relocate production and jobs to the US.
Higher tariffs were imposed on countries with larger goods trade surpluses with the US. This ignores the services trade balance, generally more favourable to the US.
Tariff threats are now among the Trump administration’s choice weapons or means of economic coercion, including sanctions, to advance and secure its interests.
K Kuhaneetha Bai
RevenueBut only $264 billion was collected during Trump 2.0’s first year, much higher than before, but still less than 1% of US federal debt.
Tariff revenue peaked in October 2025 at $31.35 billion, well below expectations, months before the Supreme Court decision.
The Kiel Institute for the World Economy found only 4% of tariffs ‘absorbed’ by foreign exporters losing some export earnings. US importers paid the 96% balance of $264 billion in tariffs, weakening the impact of Trump’s business tax cuts.
But Trump’s tariffs have not reduced the US trade deficit, not even for manufactures; this rose to $1 trillion in 2025, as $3.15 trillion in imports exceeded $2.15 trillion in exports.
Although mortgage and loan interest rates have not fallen, inflation continues. The additional tariff revenue would not even have covered the extra military budget Trump has promised.
Congress could have reclaimed its tariff authority, though the current Trump-dominated House of Representatives has not tried.
But with the November midterm elections looming, Forbes reported that the president’s disapproval rating rose to 55% in mid-February, as fewer are confident his administration prioritises curbing inflation.
Financialisation
The US federal debt, around $39 trillion, now requires over $1 trillion in annual debt servicing from the $7 trillion annual budget.
Growing by $1.5-2.0 trillion annually, this unrepayable debt is being ‘rolled over’ for ever-shorter maturities. Hedge funds now hold 27% of US Treasuries, while foreigners, who held half in 2015, now have only 30%.
Treasury bond repurchase – or repo – agreements provide about $4 trillion in financing daily for derivatives speculation. Another financial crash can wipe out many more trillions of often dubious ‘value’.
While the US economy, productive employment, and research funding diminish, various bubbles of unrepayable debt are growing rapidly. Worse, so-called stablecoins and cryptocurrencies have infiltrated financial markets.
Meanwhile, some US mortgage delinquency rates have reached levels worse than in 2007-08. By the end of 2025, financial news agencies were publishing ominous reports of financial vulnerabilities.
Hundreds of billions of promised investments, coerced from other nations using tariff and other threats, will be invested in US financial asset markets but little of this will create manufacturing jobs.
Manufacturing comeback
Trump has promised to make the US a manufacturing superpower once again, leading the world in technology, computing power and military weaponry. But China leads in many – if not most – areas of recent technological advancement.
Dean Baker found the US labour market weakening over Trump 2.0’s first year. Overall, and manufacturing jobs growth both declined from Biden’s last year.
US manufacturing jobs have long been threatened by transnational corporate globalisation and labour-saving technical change, especially automation.
US policy in recent decades has left the private sector responsible for ensuring US industrial technology leadership and progress. Meanwhile, problems, such as poor infrastructure, remain unaddressed.
Trump’s tariffs may also inadvertently reduce US jobs. Many industrial processes require imported parts, with the tariffs proving disruptive.
Trump’s policies have not created enough manufacturing jobs. The president fired his Labor Department’s statistics head in mid-2025 for not reporting enough job growth.
Nonetheless, it reported only 584,000 net new jobs for all of 2025, compared to 1.6 million in 2024, for the US labour force of 165 million!
The Wall Street Journal noted, “The manufacturing boom President Trump promised … is going in reverse”.
The Trump administration could still use the Supreme Court’s ruling to change its strategy to make America great again by drawing better lessons from US economic history and adopting a more pragmatic approach. But so far, it seems unlikely to do so.
IPS UN Bureau
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By Alon Ben-Meir
NEW YORK, Feb 23 2026 (IPS)
Trump’s immigration policy is destroying America’s greatness Immigrants are the backbone of America’s greatness— powering its economy, enriching its culture, and advancing its global leadership. Yet under the guise of making America great again, Trump’s exclusionary, racist policies are dismantling that very foundation, stifling innovation and tarnishing the nation’s moral standing.
To understand the magnitude and importance of immigrants in the US, and the need for continued immigration, the following clearly shows how deeply they sustain our workforce, drive innovation, and secure America’s competitive edge on the global stage.
The Current State of Immigration
Over 1 million farmworkers in the United States are undocumented, including approximately 40 percent of crop farmworkers. Immigrants account for roughly 70 percent of all US farmworkers, making them indispensable to the agricultural labor force and underscoring how dependent American food production is on this workforce.
We are already witnessing the impacts of immigration crackdowns on the US farm industry. In California’s Central Valley, a majority of farmworkers stopped showing up after intensive ICE raids in July 2025, leaving crops rotting in the fields due to a lack of available workers. This has resulted in substantial financial losses, food waste, reduced farm revenues, and rising food prices.
Beyond agriculture, immigrants from Latin America and other regions are heavily represented in construction, hospitality, and food processing; they account for approximately 33 percent of meat processing and over 80 percent of food manufacturing workers.
In the leisure and hospitality sector, immigrants account for roughly 18 percent of workers; in traveler accommodations (i.e., hotels) alone, over 30 percent of workers are immigrants.
STEM Workforce
According to the National Science Foundation, foreign-born workers account for approximately 22 percent of the US’ STEM workforce. Among science and engineering occupations with doctorates, about 43 percent are foreign-born; in the doctorate-level fields of computer and mathematical sciences, this share exceeds 55 percent.
Roughly 30 percent of full-time science and engineering faculty at US universities are foreign-born, disproportionately present at research-intensive institutions.
Denying admission of scientists from countries such as India and China, Mexico and Argentina would result in serious talent shortages in key STEM fields. Moreover, inventors and entrepreneurs account for a disproportionately large share of US patents, high-growth startups, and advanced-degree STEM workers.
Thus, losing foreign-born scholars would undermine research, reduce innovation, slow scientific progress, and erode US technological and economic competitiveness.
Research on immigrant entrepreneurship indicates that immigrants are heavily overrepresented among founders of new firms, including high-tech firms and “unicorn” startups, which amplifies the long-term damage that restrictive policies toward non-European scientists would inflict.
Immigrants in the US military
In 2017, about 190,000 foreign-born individuals were on active duty, representing roughly 4.5 percent of all active-duty service members. As of 2024, approximately 8,000 non-citizens enlist each year. As of 2022, there were about 731,000 foreign-born veterans—around 4.5 percent of the total veteran population.
Historically and today, foreign-born soldiers have played key roles in every major US conflict, dating back to the Revolutionary War, and mmigrants have received more than 20 percent of all Medals of Honor, underscoring the depth of their contribution to national defense.
Reagan’s Honoring of Immigrants
Perhaps no one could express the vital importance of immigrants to the US, and how they made America the land of opportunity that embodied the very promise that has made America exceptional, like President Reagan in his final speech to the nation:
“Since this is the last speech that I will give as president, I think it’s fitting to leave one final thought, an observation about a country which I love. It was best stated in a letter I received recently. A man wrote me and said: ‘You can go to live in France, but you cannot become a Frenchman. You can go to live in Germany, Turkey, or Japan, but you cannot become a German, a Turk, or a Japanese. But anyone, from any corner of the Earth, can come to live in America and become an American.’
“Yes, the torch of Lady Liberty symbolizes our freedom and represents our heritage, the compact with our parents, our grandparents, and our ancestors. It is that lady who gives us our great and special place in the world. For it’s the great life force of each generation of new Americans that guarantee that America’s triumph shall continue unsurpassed into the next century and beyond. Other countries may seek to compete with us, but in one vital area, as a beacon of freedom and opportunity that draws the people of the world, no country on Earth comes close.
“This, I believe, is one of the most important sources of America’s greatness. We lead the world because, unique among nations, we draw our people—our strength—from every country and every corner of the world. And by doing so, we continuously renew and enrich our nation. While other countries cling to the stale past, here in America, we breathe life into dreams. We create the future, and the world follows us into tomorrow.
“Thanks to each wave of new arrivals to this land of opportunity, we’re a nation forever young, forever bursting with energy and new ideas, and always on the cutting edge, always leading the world to the next frontier. This quality is vital to our future as a nation. If we ever closed the door to new Americans, our leadership in the world would soon be lost.”
How did we fall from President Reagan’s recognition of immigrants’ nobility to Trump’s dehumanizing claim that “they are eating the dogs…they are eating the cats…They’re eating—they are eating the pets…” In that stark descent, we see the horrific moral cost of abandoning truth for political expediency.
Immigrants have been the lifeblood of the American experiment. To close our door to immigrants is to close the door to the very engine of American vitality. If we open our borders, welcoming all regardless of ethnicity, race or faith, we unleash our greatest strength—a nation reborn, limitless in its capacity to dream and achieve the impossible.
Dr. Alon Ben-Meir is a retired professor of international relations, most recently at the Center for Global Affairs at NYU. He taught courses on international negotiation and Middle Eastern studies.
IPS UN Bureau
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A UN human rights report has found that people trafficked and forced to work at scam centres are subjected to torture, sexual abuse and prison-like conditions. (representational photo). Credit: UNICEF/Ron Haviv
By UN Human Rights Office
GENEVA, Feb 23 2026 (IPS)
A report published today by the UN Human Rights Office graphically details the lived experiences of some of the hundreds of thousands of people trafficked from dozens of countries around the world into working in entrenched scam operations mostly in Southeast Asia, as well as far beyond.
The report documents instances of torture and other ill-treatment, sexual abuse and exploitation, forced abortions, food deprivation, solitary confinement, among other grave human rights abuses. Survivors also shared experiences of border officials aiding scam recruiters, and of threats and extortion by police.
Satellite imagery and on-ground reports show that nearly three-quarters of the scam operations are in the Mekong region, which have also spread to some Pacific Island countries and South Asia, as well as Gulf States, West Africa and the Americas.
“The treatment endured by individuals within the context of scam operations is alarming,” finds the report, based on interviews with survivors originating from Bangladesh, China, India, Myanmar, Sri Lanka, South Africa, Thailand, Viet Nam and Zimbabwe.
They had been trafficked into scam centres in Cambodia, Lao People’s Democratic Republic, Myanmar, the Philippines and the United Arab Emirates between 2021 and 2025. It is also based on interviews with police and border officials, as well as civil society and others with knowledge of such operations.
Victims described being lured into scamming jobs under false pretences and then being coerced into perpetrating online fraud ranging from impersonation scams, online extortion, financial fraud as well as romantic scams.
The operations described are fluid, with some survivors sharing experiences of being held in immense compounds resembling self-contained towns, some over 500 acres in size, made up of heavily fortified multi-storey buildings with barbed wire-topped high walls, guarded by armed and uniformed security personnel.
“A victim from Sri Lanka related how those who failed to meet monthly scamming targets were subject to immersion in water containers (known as ’water prisons’) for hours,” said the report, which updates a 2023 UN Human Rights report.
“Victims also recounted being forced to witness or even conduct grave abuse of others as a means to ensure compliance; one Bangladeshi victim said that he was ordered to beat other workers and a victim from Ghana recounted being forced to watch his friend being beaten in front of him.”
They told of people losing their lives as they attempted to escape, including falling from balconies and roofs in the compounds.
Failed rescue attempts were also punished severely, the report finds. One Vietnamese victim described how her sister was beaten, tasered and locked in a room with no food for seven days after her sister had tried to engineer her escape.
It found traffickers would video call family members to watch their loved one being abused and mistreated in order to pressure families to pay extortionate ransoms.
While most victims described receiving some wages, all those interviewed by UN Human Rights experienced a range of escalating deductions and none received the entirety of the promised salary. A Thai victim reported that they were ordered to meet steep scamming targets of some $9,500 per day to avoid fines, beatings, or even being “sold” to another compound with harsher conditions.
“The litany of abuse is staggering and at the same time heart-breaking,” UN Human Rights Chief Volker Türk said. “Yet, rather than receiving protection, care and rehabilitation as well as the pathways to justice and redress to which they are entitled, victims too often face disbelief, stigmatization and even further punishment.”
“Effective responses need to be centred in human rights law and standards. Crucially, that means explicitly recognizing forced criminality within anti-trafficking laws and regulations and guaranteeing the non-punishment principle for victims of trafficking.”
“Victims of such abuses require coordinated timely, safe and effective rescue operations, respect for the principle of non-refoulement, as well as available support mechanisms to ensure torture and trauma rehabilitation and address risks of reprisals or re-trafficking.”
The report uniquely applies a behavioural science and systems analysis to explore why people continue to fall prey to fraudulent recruitment into scam operations and to suggest rights-based and effective prevention responses.
“There must be increased availability and accessibility of safe labour migration pathways and meaningful oversight of recruitment such as verification of online job postings and flagging suspicious recruitment patterns,” Türk said.
He called on States and relevant stakeholders to engage trusted and community-based actors, such as survivor-led groups, in outreach to individuals considered at risk of trafficking into scam operations. Awareness activities need to be accessible, concrete and available through trusted media.
Türk also urged States and regional bodies to act effectively against corruption, which he said was deeply entrenched in such lucrative scamming operations, and to prosecute the criminal syndicates behind them. He also recalled the importance of independent media, human rights defenders and civil society organisations being able to carry out their vital anti-trafficking work free from interference.
IPS UN Bureau
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