Germany says Trump's tariffs, sanctions destroy jobs and growth

Trump Juncker trade war

Trump Juncker trade war

Several European companies have suspended plans to invest in Iran in light of the USA sanctions, including oil major Total as well as carmakers PSA, Renault and Daimler.

Iran's judiciary says the authorities have arrested 67 people in a drive against financial crime as the country faces renewed USA sanctions and public outcry against widespread corruption.

Although the other parties to the agreement - Britain, France, Germany, China and Russian Federation - have vowed to resist USA sanctions, many foreign companies have already abandoned projects in Iran for fear of U.S. penalties.

The rial has lost about half of its value since April in anticipation of the renewed USA sanctions.

"With better management and more efficient planning we can resist the sanctions and overcome them", Khamenei said, in an apparent effort to deflect public anger over the deteriorating economy toward Rouhani's government.

A significant cut in oil sales is also expected when the USA reimposes a second phase of sanctions in November - with some analysts estimating a drop of 700,000 barrels per day from its current level of 2.3 million. The corrupt people (officials) should be punished firmly,"Khamenei said told a gathering attended by thousands of Iranians, state TV reported". "[The Americans] are exaggerating the possibility of a war with Iran".

New Yorker writer says women feared retaliation
National Amusements jumped into the controversy with a statement denying what it called "the malicious insinuation that Ms. Redstone hopes that the investigation of these allegations is thorough, open and transparent", the spokesperson said.

"There will be no war because just like before, we will not begin war", said Khamenei.

Trump has been a frequent critic of the Iran nuclear deal and put the sanctions back in place after pulling the United States from the agreement.

This news followed Trump's decision to withdraw from the Iran nuclear deal.

There have been widespread protests and strikes in recent weeks over high prices, unemployment and structural failures in the economy.

Trump has said Iran must also stop meddling in conflicts in Syria and Yemen, but Foreign Minister Javad Zarif struck a defiant tone on Monday, telling Qatar's al Jazeera TV: "Iran will not change its policies in the region because of United States sanctions and threats".

German business associations have warned that companies are increasingly suffering from Trump's sanctions policies - including those against Iran - as well as the tariffs he is imposing in the escalating trade conflict with China.

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