The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
A U.S. push to change the Iran nuclear dealwas sending a "very dangerous message" that countries should never negotiate with Washington, Iran's foreign minister warned as U.S. and North Korean leaders prepare to meet for denuclearization talks.
Speaking to reporters in New York on Saturday, Mohammad Javad Zarif also said that for French President Emmanuel Macron and German Chancellor Angela Merkel "to try to appease the president (Donald Trump) would be an exercise in futility."
Trump will decide by May 12 whether to restore U.S. economic sanctions on Tehran, which would be a severe blow to the 2015 pact between Iran and six major powers. He has pressured European allies to work with Washington to fix the deal.
Macron and Merkel are both due to meet with Trump in Washington this week.
"The United States has not only failed to implement its side (of the deal), but is even asking for more," said Zarif, who is in New York to attend a U.N. General Assembly meeting.
"That's a very dangerous message to send to people of Iran but also to the people of the world - that you should never come to an agreement with the United States because at the end of the day the operating principle of the United States is 'what's mine is mine, what's yours is negotiable,'" he said.
U.S. Ambassador to the United Nations Nikki Haley said earlier this month that North Korean leader Kim Jong Un has "looked at the Iran deal, he's seen what he can get and he's seen how he can push through loopholes and we're not going to let that happen again."
Under the Iran nuclear deal, Tehran agreed to curb its nuclear programme in return for relief from economic sanctions. Trump's predecessor, Barack Obama, struck the pact to try to keep Iran from building a nuclear weapon but Trump believes it has "disastrous flaws."
Zarif said if Washington leaves the deal, there were many options being considered by Tehran, including complaining through a dispute mechanism set up by the agreement or simply leaving the deal by restarting its nuclear activities.
"We will make a decision based on our national security interests when the times comes. But whatever that decision will be, it won't be very pleasant to the United States," he said.
When asked if Iran could stay in the deal with the remaining parties, Zarif said: "I believe that's highly unlikely because it is important for Iran to received the benefits of the agreement and there was no way Iran would do a one-sided implementation of the agreement."
Iran has always said its nuclear program was only for peaceful purposes and Zarif said if Tehran resumed its nuclear activities it would not be intended "to get a bomb."
"America never should have feared Iran producing a nuclear bomb, but we will pursue vigorously our nuclear enrichment. If they want to fear anything its up to them," Zarif said.