💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Trump Vows Sanctions on Ally Iraq, Toughens Rhetoric on Iran

Published 01/05/2020, 07:49 PM
Updated 01/05/2020, 08:21 PM
© Reuters.  Trump Vows Sanctions on Ally Iraq, Toughens Rhetoric on Iran

(Bloomberg) -- President Donald Trump warned Iran of major U.S. retaliation and threatened heavy sanctions on Iraq if American troops are forced to leave unless the country repays billions in military base construction costs.

Trump, speaking to reporters aboard Air Force One late Sunday, said going into the Middle East was the worst decision the U.S. has ever made, and that the U.S. had spent billions of dollars building a military base in the country.

“We have a very extraordinarily expensive air base that’s there. It cost billions of dollars to build. Long before my time. We’re not leaving unless they pay us back for it,” Trump told reporters while flying back from Florida. “If they do ask us to leave, if we don’t do it in a very friendly basis. We will charge them sanctions like they’ve never seen before ever. It’ll make Iranian sanctions look somewhat tame.”

Trump’s remarks ratchet up tensions on a day when Iraqi lawmakers voted to pursue the removal of foreign troops from the nation -- the latest fallout from the U.S. killing last week of Qassem Soleimani, an Iranian general.

Trump also doubled down on threats to Iran, saying he’s still willing to hit cultural sites among 52 targets in the event that Iran retaliates for Soleimani’s death by striking an American or U.S. facility.

“They’re allowed to kill our people. They’re allowed to torture and maim our people. They’re allowed to use roadside bombs and blow up our people. And we’re not allowed to touch their cultural sites? It doesn’t work that way,” Trump said. “If they do anything there will be major retaliation.”

Trump also spoke briefly about North Korea, predicting of leader Kim Jong Un: “I don’t think he’d break his word to me but maybe he will.”

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.