Donald Trump’s threat to cut off Iraq’s access to its account at the Federal Reserve Bank of New York if Baghdad insists on a withdrawal of US troops from its soil is bare-faced, modern-day colonialism. Let’s set the scene. On January 5, the Iraqi parliament voted to approve a resolution calling for the removal of US troops. A day later, Donald Trump threatened to hit Iraqis with deadly economic sanctions “like they’ve never seen before” if Baghdad tries to expel American troops without first “paying us back” for an “extraordinarily expensive air base” built there.