US vows stronger sanctions on Iran

Secretary of State Mike Pompeo has said the US is imposing the “strongest sanctions in history” on Iran.   In a speech in Washington, America’s top diplomat said Iran would be “battling to keep its economy alive” after the sanctions took effect but his Iranian counterpart said the US was…

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US and China put import tariffs on hold

China and the US say they will halt imposing punitive import tariffs, putting a possible trade war “on hold”.   The deal came after talks in the US aimed at persuading China to buy $200bn of US goods and services and thereby reduce the trade imbalance.   US Treasury Secretary…

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China to drop anti-dumping probe

China says it is dropping an anti-dumping probe into sorghum imports from the US, as the two sides discuss ways of easing trade tensions.   In April, Beijing introduced a high tariff on the imports as part of a tit-for-tat trade spat between with the US, but China’s commerce ministry…

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EU looks to avoid impact of US-Iran sanctions

The EU is to begin reviving legislation that will allow European companies to continue doing business with Iran, despite US sanctions.   The so-called “blocking statute” was introduced in 1996 to circumvent US sanctions on Cuba but was never used.   On Friday 18th, the EU will begin redrafting and…

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Total set to pull out of Iran gas project

French energy giant Total is preparing to pull out of a billion dollar gas project in Iran in the face of renewed US sanctions.   Total said it will unwind operations by November unless sanctions are waived.   Washington is re-imposing strict sanctions on Iran, which were lifted under the…

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France condemns US sanctions move

France has condemned as “unacceptable” a US move to re-impose sanctions on companies trading with Iran.   The action from Washington followed President Donald Trump’s decision to pull out of a landmark deal that sought to curb Iran’s nuclear programme.   French Foreign Minister Jean-Yves Le Drian said European companies…

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