
Trump says he would consider bombing Iran again, drops sanctions relief plan
WASHINGTON: U.S. President Donald Trump sharply criticized Iran's Supreme Leader, Ali Khamanei, on Friday, dropped plans to lift sanctions on Iran and said he would consider bombing Iran again if Tehran is enriching uranium to worrisome levels.
Trump reacted sternly to Khamanei's first remarks after a 12-day conflict with Israel that ended when the United States launched bombing raids last weekend against Iranian nuclear sites.
Khamanei said Iran "slapped America in the face" by launching an attack against a major U.S. base in Qatar following the U.S. bombing raids. Khamanei also said Iran would never surrender.
Trump said he had spared Khamanei's life. U.S. officials told Reuters on June 15 that Trump had vetoed an Israeli plan to kill the supreme leader.
"His Country was decimated, his three evil Nuclear Sites were OBLITERATED, and I knew EXACTLY where he was sheltered, and would not let Israel, or the U.S. Armed Forces, by far the Greatest and Most Powerful in the World, terminate his life," Trump said in a social media post.
"I SAVED HIM FROM A VERY UGLY AND IGNOMINIOUS DEATH," he said.
Iran said a potential nuclear deal was conditional on the U.S. ending its "disrespectful tone" toward the Supreme Leader.
"If President Trump is genuine about wanting a deal, he should put aside the disrespectful and unacceptable tone towards Iran's Supreme Leader, Grand Ayatollah Khamenei, and stop hurting his millions of heartfelt followers," Iran's Foreign Minister Abbas Araqchi said in a post on X in the early hours of Saturday.
Trump also said that in recent days he had been working on the possible removal of sanctions on Iran to give it a chance for a speedy recovery. He said he had now abandoned that effort.
"I get hit with a statement of anger, hatred, and disgust, and immediately dropped all work on sanction relief, and more," he said.
Trump said at a White House news conference that he did not rule out attacking Iran again, when asked about the possibility of new bombing of Iranian nuclear sites if deemed necessary at some point.
"Sure, without question, absolutely," he said.
Trump said he would like inspectors from the International Atomic Energy Agency - the U.N. nuclear watchdog - or another respected source to be able to inspect Iran's nuclear sites after they were bombed last weekend.
Trump has rejected any suggestion that damage to the sites was not as profound as he has said.
The IAEA chief, Rafael Grossi, said on Wednesday that ensuring the resumption of IAEA inspections was his top priority as none had taken place since Israel began bombing on June 13.
However, Iran's parliament approved moves on Wednesday to suspend such inspections. Araqchi indicated on Friday that Tehran may reject any request by the head of the agency for visits to Iranian nuclear sites.
Trump said Iran still wants to meet about the way forward. The White House had said on Thursday that no meeting between the U.S. and an Iranian delegation has been scheduled thus far.

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New Straits Times
19 minutes ago
- New Straits Times
US Senate Republicans push ahead on Trump's sweeping tax-cut, spending bill
WASHINGTON: US Senate Republicans planned to vote Saturday on President Donald Trump's sweeping tax-cut and spending bill after agreeing on changes to address concerns about funding for rural hospitals and the deductibility of state taxes. Several Republican senators who had previously expressed hesitancy about voting for the bill told reporters that their concerns had been assuaged and that they were ready to vote to clear a first procedural hurdle in the coming hours. Senator John Barrasso, the chamber's No. 2 Republican, said the first procedural vote on the legislation would take place shortly, though it did not start by 4pm (2000 GMT), as he had predicted. The bill is Trump's top legislative goal. With his fellow Republicans controlling both chambers, Congress has so far not rejected any of Trump's priorities. The 940-page megabill would extend the 2017 tax cuts that were Trump's main legislative achievement during his first term as president, cut other taxes and boost spending on the military and border security. Nonpartisan analysts estimate that a version passed by the House of Representatives last month would add about US$3 trillion to the US$36.2 trillion US government debt. The Congressional Budget Office has not released a forecast for how much the Senate version - still subject to change - would add to the debt if enacted. The nonpartisan Committee for a Responsible Federal Budget public policy organisation on Saturday said its preliminary estimate is that the Senate version would add US$4 trillion to the debt over the next decade, including interest costs. "If you thought the House bill borrowed too much - and it did - the Senate manages to make things even worse," Maya MacGuineas, the group's president, said in a statement. The White House said this month that the legislation, titled the One Big Beautiful Bill Act, would reduce the annual deficit by US$1.4 trillion. Democrats opposed the bill, saying its tax-cut elements would disproportionately benefit the wealthy at the expense of social programmes relied upon by lower-income Americans. "Future generations will be saddled with trillions in debt," said Senator Chuck Schumer, the Senate's top Democrat. "Under this draft Republicans will take food away from hungry kids to pay for tax breaks to the rich." Schumer called for the bill's full text to be read on the Senate floor after the vote, a procedure that was sure to run late into the night, if not past dawn. MUSK LASHES OUT AGAIN The world's richest person, Elon Musk, took a swipe at the bill, calling it "utterly insane and destructive". He risked reigniting a feud with Trump that raged earlier this month, before Musk backed down from his rhetoric "The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!" Musk wrote in a post on his social media platform X. Republican Senators Josh Hawley of Missouri and Susan Collins of Maine, who had opposed concern about tax-code changes that could hurt rural hospitals, told reporters they were ready to move forward. A successful vote would kick off a lengthy process that could run into Sunday, as Democrats unveil a series of amendments unlikely to pass in a chamber that Republicans control 53-47. "By passing this bill now, we will make our nation more prosperous and secure," Senate Budget Committee chairman Lindsey Graham said in a statement accompanying the bill text. MEDICAID CHANGES Republicans from states with large rural populations have opposed a reduction in state tax revenue for Medicaid providers including rural hospitals. The newly released legislation would delay that reduction and would include US$25 billion to support rural Medicaid providers from 2028 to 2032. "If you want to be a working-class party, you've got to get and deliver for working-class people," Hawley told reporters. "You cannot take away healthcare for working people." The legislation would raise the cap on federal deductions for state and local taxes to US$40,000 with an annual 1% inflation adjustment through 2029, after which it would fall back to the current US$10,000. The bill would also phase the cap down for those earning more than US$500,000 a year. That is a major concern of House Republicans from coastal states including New York, New Jersey and California, who play an important role in keeping the party's narrow House majority. Republicans are using a legislative maneuver to bypass the Senate's 60-vote threshold to advance most legislation in the 100-member chamber. NARROW PATH The narrow majorities for Republicans in the Senate and House mean they can afford no more than three no votes from the party in either chamber to advance a bill that Democrats are united in opposing. Democrats will focus their firepower with amendments aimed at reversing Republican spending cuts to programmes that provide government-backed healthcare to the elderly, poor and disabled, as well as food aid to low-income families. The bill also would raise the Treasury Department's debt ceiling by trillions of dollars to stave off a potentially disastrous default on the nation's debt in the coming months. If the Senate passes the bill, it will then return to the House for another vote before Trump could sign it into law. - Reuters


New Straits Times
20 minutes ago
- New Straits Times
MONEY THOUGHTS: Of squeezes and substitutions
CAN you sense the snowballing righteous indignation of regular people at the arrogance and disrespect shown to them by political leaders — far and near? Globally, Donald Trump's tariffs on the whole world have angered entire continents, even as some cautious national leaders are taking a placatory stance toward him. Note: Even disregarding trade volumes for the moment, the sizable dip in the number of foreign students enrolling in American universities, and the cratering of tourist visits Stateside both bear testimony to one unsurprising truth: If you don't want me, I have options! While not true under monopolistic or monopsonistic circumstances, it is true most of the time. (In a monopoly, there is only one seller or provider of a good or service; so, a monopolistic vendor can raise prices to the roof. Conversely, in a monopsony, there is only one buyer, again, of a good or service; therefore, a monopsonistic buyer can — and almost always will — slam prices to the floor on a take-it-or-leave-it basis.) Thankfully, we — people and countries — have choices. So, while Trump considers the United States of America the economic centre of Earth, billions of people are waking up to the truth that 95.8 per cent of humanity lives outside America, and about 73 per cent of global GDP (gross domestic product) is generated within the other 192 member countries of the United Nations (and the two permanent observers, the Vatican and beleaguered Palestine). In most buy-and-sell transactions worldwide, the high-handed arrogance of entitled monopolists and monopsonists cannot gain traction because of one word: CHOICE. CHOICE AND SUBSTITUTION Fused onto the word "choice" like a semantic Siamese twin is the robust economic concept of "substitution", which applies to current American economic animosity toward most other countries, and also to the growing hordes of frustrated Malaysian consumers and business owners. People have choices when substitutions abound. You exercise this proactive power each time you dine out and scan menu items. If you see two meal options, which appeal equally to your growling stomach, you are likely to select the cheaper option. When extending the selection of options made from among several (or, better yet, many) economic choices, we humans usually revert to the common sense behaviour of rejecting those who reject us and instead seeking out those who are warm, friendly and accepting. For an extreme recent example, consider the sheer idiocy of the Trump administration barring eager, supersmart non-Americans from entering Harvard University. China's immediate (and massively logical) response was to welcome those brainiacs with open arms. Every country's future wealth is more dependent upon the scientific, technological and business acumen of a minority of talented people — regardless of where they were born — than upon the masses who believe mere birthright dubiously grants them some form of superiority. I suspect if America continues down this path of rejecting those who come from outside its shores, in less than a decade, other countries, led by wiser leaders, will grow at its expense. However, the proven self-correcting mechanisms in the American system of governance will probably permit the pendulum to swing back toward sanity in a few years. So, the advantage those of us who invest globally have is a vast range of choices for the allocation of our hard-earned, hard-won and hard-retained capital. Within our, ideally, globally diversified portfolios we should observe and think before acting. ECONOMIC RE-ENGINEERING Toward that end, the idea of substitution is readily understood, both within the SIPs (or savings and investment portfolios) we build lifelong wealth with, and within the narrow parameters of analysing the impact hiking a small country like Malaysia's sales and service (SST) rates can have. In case you missed it, there was an announcement that the Malaysian government will rake in an additional RM10 billion from its most recent hikes in certain SST rates. Time will tell if that durian runtuh -type harvest for government coffers materialises. You see, on the surface, having a competent, clean government that collects more tax revenue and which channels it toward enhancing the country's healthcare and education systems is laudable. However, that targeted extra RM10 billion flowing to the government is RM10 billion flowing OUT from the collective pockets of all Malaysians. It's been reiterated that 85 per cent of Malaysians won't be hurt too much, while the highest earning 15 per cent of Malaysian households shouldn't begrudge this economic re-engineering. Yet, in truth, dissatisfaction is rising like a king tide across all slices of the so-called privileged T15 — the 15 per cent of top-earning Malaysians. And the source of that dissatisfaction — increased taxes — will morph consumption habits across all socio-economic layers of this country. When we-the-people feel that disengaged authorities are squeezing us, we will respond rationally, logically, and decisively — to protect the economic well-being of those who matter most to us: our immediate families. Similarly, but on a larger scale, countries other than the US, especially across Asia, will evolve and grow new supply chains that exclude and sideline offensive rogue nations intent on rejecting or hurting them. Consider that as you contemplate your key investment choices over the next three-and-a-half years. © 2025 Rajen Devadason

The Star
29 minutes ago
- The Star
Reality behind a parade of power
RUSSIA celebrated the 80th anniversary of Nazi Germany's defeat last month with visiting heads of state and a show of armed might in Red Square, staged as a display of global clout, grandiose and intimidating, and a portent of eventual triumph in the war against Ukraine. The annual military parade below the walls and towers of the Kremlin was the largest since Russia invaded Ukraine in 2022, a commemoration the government and its cheerleaders used to raise support for the war, conflating what may be the greatest source of national pride with the far more divisive current conflict. 'Our great victory 80 years ago is a new narrative, a new conception of Russia's current standoff with the West,' Sergei Lyaguzin, an international relations professor, said on Russian state television. Behind the pomp, though, Russia stands on shakier ground than the Kremlin's confident show suggested. Its military is barely advancing on the battlefield, its economy is sputtering, prices for oil, its main export, are falling and, perhaps most surprising, US President Donald Trump is hinting that his view of Russian President Vladimir Putin and his war is souring. Putin has played down these challenges, accepting short-term economic pain and diplomatic setbacks in the hope that his persistence will eventually yield a triumph of historic proportions, said Alexander Kolyandr, a Russian economy expert at the Centre for European Policy Analysis, a research group. 'They are convinced that they are more resilient than their opponents,' he said. 'They believe that victory will not go to the side that is the best, but to the one that remains standing the longest.' After initially echoing Moscow's talking points – even falsely blaming Ukraine for the war – Trump has hardened his rhetoric about Putin and the Kremlin in recent weeks. Trump is threatening to punish the buyers of Russian oil, he is sending more advanced weapons to Ukraine and he has struck a mineral development deal with Ukraine that gives the United States a valuable stake in Ukraine's future security and prosperity. Russian forces have seized an average of 6.5 sq km a day over the past three months, according to calculations by a Finnish-based military intelligence firm, the Black Bird Group. At this pace it would take Russia years to conquer the regions that it has already claimed to annex. Rather than changing course, Putin has doubled down on his policies and demands. He has declined Trump's proposal to freeze the fighting along the current front line before starting to negotiate a peace deal, and has demanded that the United States get the European Union to lift some of its sanctions. At the same time, Russian forces have continued to pound Ukrainian cities, leading Trump to issue a rare rebuke of Putin. 'It makes me think that maybe he doesn't want to stop the war, he's just tapping me along, and has to be dealt with differently,' with additional sanctions, Trump wrote on his Truth Social platform. Despite such challenges, about a dozen heads of state were in Red Square for the celebrations, underscoring the Kremlin's claim that far-reaching Western sanctions have failed to isolate Russia. More than 130 pieces of military equipment, including intercontinental missile carriers, rolled through Moscow and soldiers from friendly nations marched with Russian troops, showing that Russia is not alone in what it presents as a proxy struggle against Nato. On the economic front, however, Russia is wounded and losing steam, pressured by falling oil prices, rapidly dwindling foreign currency reserves, record-high interest rates and the punitive sanctions imposed by the United States and its allies in response to the invasion of Ukraine. Russia has accepted a decision made last month by a group of major oil exporting countries, known as Opec+, to ramp up output, a move that has depressed oil prices already hit by the impact of Trump's tariffs. Falling oil revenue, which finances about 40% of Russia's government budget, is already hurting its war economy. The Russian finance ministry more than tripled the budget deficit forecast for this year to 1.7% of gross domestic product, and slashed its price forecast for its main type of exported oil from US$70 (RM299) per barrel to US$56 (RM239). Analysts estimate that to cover the rising deficit, the government would have to either spend its remaining rainy day stockpile of foreign reserves and gold, or print more money, which would worsen the already high inflation, now running at about 10%. The Kremlin considered, but then scrapped, a proposal to reduce public spending to compensate for declining oil prices. Putin has tolerated the central bank's policy of keeping interest rates at record highs in an attempt to dampen price increases. But a growing chorus of Russian officials and businesspeople has blamed the interest rates, kept at 21% since October, for wiping out growth without cooling prices, a lose-lose economic scenario known as stagflation. Russian consumers are grumbling about food prices, which rose at an annual rate of more than 12% in March, but these concerns have so far have not translated into broader dissatisfaction with the government, said Denis Volkov, head of Moscow-based independent pollster Levada Centre. Rising wages, government subsidies for the poor and decades of living with high inflation mean that in surveys conducted as recently as April more Russians say that their economic situation is improving, rather than worsening, he said. That political stability allowed Moscow to project national unity in the anniversary celebrations, despite the lack of major diplomatic or military breakthroughs in the war. Putin has regularly used Victory Day, Russia's main secular holiday, to convey that time is on his side. Russia's determination and size ground down Germany's Wehrmacht, Europe's military hegemon at the time, in World War II, goes the propaganda messaging, and Ukraine's Nato-supplied and trained forces will eventually follow suit. — ©2025 The New York Times Company This article originally appeared in The New York Times