Extending U.S. sanctions on Iran for 10 years would breach the Iranian nuclear agreement, Iran Supreme Leader Ayatollah Khamenei said on Wednesday, warning that Tehran would retaliate if the sanctions are approved.
The U.S. House of Representatives re-authorized last week the Iran Sanctions Act, or ISA, for 10 years. The law was first adopted in 1996 to punish investments in Iran’s energy industry and deter Iran’s pursuit of nuclear weapons.
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Time For Truth: (Reuters) – Iran warns of retaliation if U.S. breaches nuclear deal
Henry Kissinger says Donald Trump is the “most unique” president-elect in his lifetime because the billionaire is not obligated to any particular group.
“This president-elect, it’s the most unique that I have experienced in one respect. He has absolutely no baggage,” Kissinger told CNN’s “Fareed Zakaria GPS.” “He has no obligation to any particular group because he has become president on the basis of his own strategy.”
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Time For Truth: (The Hill) – Kissinger: Trump has no baggage
Former French President Nicholas Sarkozy suggested Europe impose a carbon tax on all U.S. products if President-elect Donald Trump pulled the country out of the Paris climate change agreement.
Over 100 countries have ratified the 2015 Paris deal to curb carbon emissions in an effort to tackle climate change. Trump, a climate change denier, promised to withdraw from the agreement during his campaign.
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Time For Truth: (Yahoo News) – France’s Sarkozy Urges Tax On US Goods If Trump Exits Paris Deal
Chinese internet companies face a new reality after Donald Trump’s surprise victory as U.S. president-elect — and Alibaba Group Holding Ltd. has the most to lose.
On the campaign trail, Trump promised to upend global trade, saying that China is “killing us” on trade policy and proposing tariffs on Chinese goods of as much as 45 percent. If implemented, his ideas could lead to “devastating” results, from global trade wars to higher costs of living, and “spell the end of globalization,” according to Darrell West, a vice president at the Brookings Institution.
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Time For Truth: (Bloomberg) – Alibaba’s U.S. Growth Ambitions at Risk After Trump Victory
The United States ran a merchandise trade deficit of $5,243,300,000 with Mexico in September, according to newly released data from the U.S. Census Bureau.
That completes 22 straight years in which the United States has run monthly merchandise trade deficits with Mexico.
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Time For Truth: (CNS News) – U.S. Completes 22 Straight Years of Merchandise Trade Deficits With Mexico