OF THE
TIMES
"I said, 'Look, we don't get something, I'm going to have to take action,' and the action will be a very high tariff on their cars and other things that come into our country. They're going to make a deal because they have to. They have to. They have no choice."He said there is no reason for Americans to "get nervous" because he's confident of a deal. "I would be very surprised if I had to implement the tariffs," he said.
The three European signatories to the Iran nuclear deal triggered a dispute resolution mechanism last week, a move tantamount to an accusation that Iran is violating its terms, which could eventually lead to the return of UN sanctions.RT, 22/1/2020: Trade war ignited? UK risks US wrath with digital tax on tech giants
Iranian Foreign Minister Mohammad Javad Zarif has quipped that the EU's efforts to force Iran back into the nuclear deal have backfired as Donald Trump floated the idea of imposing new tariffs on the bloc.
Speaking on a panel - alongside US Treasury Secretary Steve Mnuchin - at the World Economic Forum in Davos, Switzerland on Wednesday, British Chancellor Sajid Javid doubled down on government plans to implement a two-percent levy on revenues made by global tech giants like Facebook and Twitter in the UK.
"We plan to go ahead with our digital services tax in April. It is a proportionate tax, and a tax that is deliberately designed as a temporary tax." Javid's comments drew the ire of Mnuchin, who hit out at the proposals, branding them "discriminatory" against US companies.
In what was ostensibly a veiled threat aimed at his UK counterpart, the US treasury secretary warned that if his country's digital companies face "arbitrary taxes," then in response they would "consider putting arbitrary taxes on their car companies."
"Iran remains open to dialogue with its neighbours, and we declare our readiness to participate in any complementary work that is in the interest of the region, and we welcome any step that restores hope to its people and brings them stability and prosperity."The message did not mention any names but appeared to refer specifically to Saudi Arabia. Speaking on the fringes of the World Economic Forum in Davos on Wednesday, Saudi Prince Faisal said Saudi Arabia was open to talks "but it is really up to Iran".
Comment: See also: