Khamenei Raises Doubts on Negotiations with the West

A handout picture provided by the office of Iran's Supreme Leader Ali Khamenei on November 24, 2020 shows Khamenei (R) speaking to president Hassan Rouhani (2nd-R) during a meeting with Iranian government the over economic crisis in Tehran, while mask-clad due to the COVID-19 coronavirus pandemic
A handout picture provided by the office of Iran's Supreme Leader Ali Khamenei on November 24, 2020 shows Khamenei (R) speaking to president Hassan Rouhani (2nd-R) during a meeting with Iranian government the over economic crisis in Tehran, while mask-clad due to the COVID-19 coronavirus pandemic
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Khamenei Raises Doubts on Negotiations with the West

A handout picture provided by the office of Iran's Supreme Leader Ali Khamenei on November 24, 2020 shows Khamenei (R) speaking to president Hassan Rouhani (2nd-R) during a meeting with Iranian government the over economic crisis in Tehran, while mask-clad due to the COVID-19 coronavirus pandemic
A handout picture provided by the office of Iran's Supreme Leader Ali Khamenei on November 24, 2020 shows Khamenei (R) speaking to president Hassan Rouhani (2nd-R) during a meeting with Iranian government the over economic crisis in Tehran, while mask-clad due to the COVID-19 coronavirus pandemic

Iran’s supreme leader dismissed the prospect of new negotiations with the West on Tuesday, even as the Tehran government spoke optimistically about the return of foreign companies in “the absence of Trump” and his sanctions.

President-elect Joe Biden’s victory has raised the possibility that the United States could rejoin a deal Iran reached with world powers in 2015, under which sanctions were lifted in return for curbs on Iran’s nuclear program.

President Donald Trump abandoned the deal in 2018, and Tehran responded by scaling down its compliance.

Biden’s staff says the former vice president aims to restore the deal provided that Iran again abides by it. But according to Reuters, diplomats and analysts have also said this was unlikely to happen overnight, as the adversaries would both want additional commitments.

Washington wants Iran to curb missile programs which are not covered by the nuclear deal, and reduce its interventions in the Middle East. Iran has long said it will not negotiate over missiles, and no talks can begin unless Washington returns to the nuclear agreement and lifts sanctions unconditionally.

In remarks reported by state television on Tuesday, Supreme Leader Ali Khamenei expressed skepticism about the entire project of negotiating with the West.

“We once tried the path of having the sanctions lifted and negotiated several years, but this got us nowhere,” he said.

"We can't trust foreigners and hope for an opening on their part," he added.



Japan, Canada Agree to Cooperate on Market Stability

Canadian Finance Minister Francois-Philippe Champagne attends the new cabinet's swearing-in at Rideau Hall in Ottawa, Ontario, Canada March 14, 2025. REUTERS/Blair Gable/File Photo
Canadian Finance Minister Francois-Philippe Champagne attends the new cabinet's swearing-in at Rideau Hall in Ottawa, Ontario, Canada March 14, 2025. REUTERS/Blair Gable/File Photo
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Japan, Canada Agree to Cooperate on Market Stability

Canadian Finance Minister Francois-Philippe Champagne attends the new cabinet's swearing-in at Rideau Hall in Ottawa, Ontario, Canada March 14, 2025. REUTERS/Blair Gable/File Photo
Canadian Finance Minister Francois-Philippe Champagne attends the new cabinet's swearing-in at Rideau Hall in Ottawa, Ontario, Canada March 14, 2025. REUTERS/Blair Gable/File Photo

Japan and Canada, who is this year's chair of the G7 developed economies, have agreed to cooperate to maintain stability in financial markets and the global financial system, Japan's Ministry of Finance said on Wednesday.

In a phone conference on Wednesday, Japanese Finance Minister Katsunobu Kato and his Canadian counterpart, Francois-Philippe Champagne, shared concerns over the series of tariffs implemented by the US government, the ministry said in a statement.

As US President Donald Trump's sweeping reciprocal tariffs took effect from midnight with a 104% levy on Chinese imports, China retaliated by vowing to raise tariffs on the US to 84% from Thursday, Reuters reported.

This led to a market rout with bond prices tumbling and global stocks falling further. US Treasuries, the safest haven for the global financial system, were hit by fresh selling pressure on Wednesday in a sign that investors were dumping their safest assets.

The US dollar also weakened against other major currencies.

Japan will cooperate with the Group of Seven advanced economies and the International Monetary Fund to help stabilize a market rout unleashed by US tariffs, the country's top currency diplomat said on Wednesday.