At the turn of the century, America had emerged victorious from the Cold War and stood unchallenged.
It had greater power and influence than any other nation in history. It could have wielded that power judiciously to protect the American-led post-war world order and inspire other countries to follow its values of freedom and democracy.
Instead, it squandered that supremacy embarking on a calamitous misadventure in Iraq that was ill-advised and disastrously executed. It would be the beginning of the end of the pax Americana.
A direct line can be drawn between that debacle, which began on 20 March 2003 and others that followed, right up to the perilous state of the world today.
Image: Former Iraqi President Saddam Hussein standing by an Iraqi flag in 2002
Image: George W Bush had the support of Britain’s Tony Blair in his decision to invade Iraq
The falsehoods and delusions that led to war
America went to war led by ideologues who believed they could refashion the Middle East in their own likeness and bring democracy and a more pro-Western outlook to the region.
The failure of that neoconservative project has done lasting damage to Americans’ claims of exceptionalism, and their belief that their form of governance is an example to the rest of the world. And that has by extension done enduring harm to the American-led world order.
The failings of that project in Iraq are well documented. The false premise of non-existent weapons of mass destruction, the delusion that invaders would be welcomed as liberators, the absence of any plan for the day after. The damage to America’s standing in the world has been incalculable.
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Equally, human rights violations, violations of democratic norms, targeted killings, and the atrocities of Abu Ghraib prison, from where photographs showing abuse of inmates by US soldiers emerged, tarnished America’s image as the standard-bearer of democracy and human rights.
Iraq fell apart under occupation. The US disbanded the Ba’ath party and sents its army home. In the vacuum sectarian extremists thrived. The war had been fought to neutralise the threat posed by Al Qaeda in the wake of 9/11.
The opposite happened and even more extreme groups were spawned launching unprecedented campaigns of terror against occupiers and civilians alike. From the failed states of Iraq and Syria, Islamic State was born – an organisation that for years wrenched swathes of territory from both countries and plumbed new depths of terror and depravity.
For America, the enduring impact of the war and occupation has been a weakening of Washington’s influence in the world. When India and other countries in the global south sit on the fence in UN resolutions on Ukraine, their ambivalence can in part be traced back to America’s record in Iraq.
The distraction of Iraq led to failure in Afghanistan, a protracted two decades of occupation and a disastrous withdrawal.
Iraq sucked up what policymakers in Washington call bandwidth year after year, while in the east a far greater challenge was rising. The West would take years to wake up to the threat posed by China.
Closer to Iraq, Iran was strengthened. Before the invasion, its regional influence was limited to a militia in southern Lebanon, Hezbollah. Today it has clout in capitals from Beirut to Damascus to Baghdad to Yemen.
The war in Iraq has done damage to America’s belief in itself. The conflict cost a trillion dollars and thousands of American lives. It has fuelled opposition to any more military adventures abroad.
And it has undermined Americans’ faith in both government and the political and media elites meant to hold it to account. That only in part helps explain the rise of populism that ultimately brought Trump to the White House.
Image: An explosion rocks Baghdad during air strikes on 21 March 2003
Image: US military escort a group of Iraqi soldiers dressed in civilian clothes north of Basra, Iraq, in 2003
Iraq still recovering from journey to hell and back
In Iraq, people are now no longer living under tyranny. There is reportedly some sense of hope and renewal, but only recently. And the country has literally been to hell and back to get there.
Hundreds of thousands have died in the war and the waves of sectarian violence that followed. The country has been broken, its institutions destroyed and its economy ravaged.
It is only just beginning to recover from all that trauma. But perhaps it can now look forward cautiously to a slightly better future. That is more than might have been said had Saddam Hussein remained in power or any of his impulsive, venal sons.
Image: Another view of Saddam Hussein’s statue being pulled down
Image: Thousands of crosses at a memorial for US troops killed in the Iraq war, in Lafayette, California
Ten years ago, George W Bush said the final verdict on his actions inIraq would come long after his death.
That may be true, and it may take more time to judge whether the removal of one of the worst tyrants in history in any way justified the enormous cost and pain that then ensued.
Twenty years on, though, we can say the invasion and occupation have had a lasting legacy on the region and the world, and much of that has not been for the better.
Worldwide stock markets have plummeted for the second day running as the fallout from Donald Trump’s global tariffs continues.
While European and Asian markets suffered notable falls, American indexes were the worst hit, with Wall Street closing to a sea of red on Friday following Thursday’s rout – the worst day in US markets since the COVID-19 pandemic.
All three of the US’s major indexes were down by more than 5% at market close; The Dow Jones Industrial Average plummeted 5.5%, the S&P 500 was 5.97% lower, and the Nasdaq Composite slipped 5.82%.
The Nasdaq was also 22% below its record-high set in December, which indicates a bear market.
Ever since the US president announced the tariffs on Wednesday evening, analysts estimate that around $4.9trn (£3.8trn) has been wiped off the value of the global stock market.
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Mr Trump has remained unapologetic as the markets struggle, posting in all-caps on Truth Social before the markets closed that “only the weak will fail”.
The UK’s leading stock market, the FTSE 100, also suffered its worst daily drop in more than five years, closing 4.95% down, a level not seen since March 2020.
And the Japanese exchange Nikkei 225 dropped by 2.75% at end of trading, down 20% from its recent peak in July last year.
Image: US indexes had the worst day of trading since the COVID-19 pandemic. Pic: Reuters
Trump holds trade deal talks – reports
It comes as a source told CNN that Mr Trump has been in discussions with Vietnamese, Indianand Israelirepresentatives to negotiate bespoke trade deals that could alleviate proposed tariffs on those countries before a deadline next week.
The source told the US broadcaster the talks were being held in advance of the reciprocal levies going into effect next week.
Vietnam faced one of the highest reciprocal tariffs announced by the US president this week, with 46% rates on imports. Israeli imports face a 17% rate, and Indian goods will be subject to 26% tariffs.
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China – hit with 34% tariffs on imported goods – has also announced it will issue its own levy of the same rate on US imports.
Mr Trump said China “played it wrong” and “panicked – the one thing they cannot afford to do” in another all-caps Truth Social post earlier on Friday.
Later, on Air Force One, the US president told reporters that “the beauty” of the tariffs is that they allow for negotiations, referencing talks with Chinese company ByteDance on the sale of social media app TikTok.
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Tariffs: Xi hits back at Trump
He said: “We have a situation with TikTok where China will probably say, ‘We’ll approve a deal, but will you do something on the tariffs?’
“The tariffs give us great power to negotiate. They always have.”
Global financial markets gave a clear vote of no-confidence in President Trump’s economic policy.
The damage it will do is obvious: costs for companies will rise, hitting their earnings.
The consequences will ripple throughout the global economy, with economists now raising their expectations for a recession, not only in the US, but across the world.
The court ruled to uphold the impeachment saying the conservative leader “violated his duty as commander-in-chief by mobilising troops” when he declared martial law.
The president was also said to have taken actions “beyond the powers provided in the constitution”.
Image: Demonstrators stayed overnight near the constitutional court. Pic: AP
Supporters and opponents of the president gathered in their thousands in central Seoul as they awaited the ruling.
The 64-year-old shocked MPs, the public and international allies in early December when he declared martial law, meaning all existing laws regarding civilians were suspended in place of military law.
Image: The court was under heavy police security guard ahead of the announcement. Pic: AP
After suddenly declaring martial law, Mr Yoon sent hundreds of soldiers and police officers to the National Assembly.
He has argued that he sought to maintain order, but some senior military and police officers sent there have told hearings and investigators that Mr Yoon ordered them to drag out politicians to prevent an assembly vote on his decree.
His presidential powers were suspended when the opposition-dominated assembly voted to impeach him on 14 December, accusing him of rebellion.
The unanimous verdict to uphold parliament’s impeachment and remove Mr Yoon from office required the support of at least six of the court’s eight justices.
South Korea must hold a national election within two months to find a new leader.
Lee Jae-myung, leader of the main liberal opposition Democratic Party, is the early favourite to become the country’s next president, according to surveys.