The United States is not seeking a trade war over tariffs but does not fear one, US Treasury Secretary Steven Mnuchin said Tuesday at the end of a meeting of G20 finance ministers in Argentina.
A trade war “is not our goal, but we are not afraid of it,” Mnuchin said at the end of the two-day meeting in Buenos Aires, which was overshadowed by looming US tariffs on steel and aluminum.
“We have to be prepared to act in the US interest to defend free and fair reciprocal trade. In doing that there is always a risk.
“That’s not our goal. But we are not afraid of it,” he said.
Mnuchin was speaking after ministers agreed not to condemn the US move in the meeting’s final communique, but instead spoke of “heightened economic and geopolitical tensions.”
Mnuchin also said the US would consider additional sanctions against President Nicolas Maduro’s socialist government in Venezuela.
“I can assure you that we will continue to evaluate the situation there and consider additional sanctions,” he said.
Iran tells UN it cannot save nuclear deal
Iran told the UN Security Council on Wednesday that it cannot "alone" save the nuclear deal, turning up pressure on the Europeans, Russia and China as it moved toward a possible breach of its commitments to limit its nuclear activities.
"Iran has done a lot and much more than its fair share to preserve the nuclear deal," Ambassador Majid Takht Ravanchi told a council meeting.
"Iran alone cannot, shall not and will not take all of the burdens anymore to preserve the JCPOA," he said, referring to the Joint Comprehensive Plan of Action as the deal is formally known.
Iran has said that as of June 27, it will have more than the 300 kilos (660 pounds) of enriched uranium that it was allowed to have under the deal, the result of 12 years of tough diplomatic negotiations.
US pushes UN to tighten Iran sanctions blacklist
The United States has asked the UN Security Council to update its sanctions blacklist on Iran after complaining of lapses in enforcing travel bans and asset freezes, according to a letter seen by AFP on Wednesday.
The push for tougher enforcement of UN sanctions came amid soaring tensions between the United States and Iran following Washington's decision to impose new sanctions on Tehran and recent attacks on oil tankers in the Gulf.
The UN blacklist contains the names of 23 individuals and 61 entities linked to Iran's nuclear activities, including the commander of Iran's elite Revolutionary Guard Qods force, Major General Qasem Soleimani.
Elijah Cummings shames Republicans for shrugging off Trump’s lawlessness: ‘We don’t teach our children to lie!’
House Oversight Committee Chairman Elijah Cummings (D-MD) on Wednesday delivered a scathing rebuke to Republican lawmakers who are shrugging off the lawlessness of President Donald Trump and his administration.
During a hearing in which United States Special Counsel Henry Kerner reiterated his finding that Trump White House counselor Kellyanne Conway repeatedly broke the law by violating the Hatch Act, Cummings shamed GOP lawmakers who defended Conway's actions and suggested that breaking the law isn't a big deal.
"It concerns me that we've gotten so far from the basic principles of obedience to the law," he said.