Iran Says it Resumes 20% Uranium Enrichment at Fordow Site

This Nov. 4, 2020, satellite photo by Maxar Technologies shows Iran's Fordow nuclear site. (AP)
This Nov. 4, 2020, satellite photo by Maxar Technologies shows Iran's Fordow nuclear site. (AP)
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Iran Says it Resumes 20% Uranium Enrichment at Fordow Site

This Nov. 4, 2020, satellite photo by Maxar Technologies shows Iran's Fordow nuclear site. (AP)
This Nov. 4, 2020, satellite photo by Maxar Technologies shows Iran's Fordow nuclear site. (AP)

Iran has resumed 20% uranium enrichment at an underground nuclear facility, the government said on Monday, breaching a 2015 nuclear pact with major powers and possibly complicating efforts by US President-elect Joe Biden to rejoin the deal.

Benjamin Netanyahu, prime minister of Iran’s arch foe Israel, said the move was aimed at developing nuclear weapons and Israel would never allow Tehran to build them.

The enrichment decision, Iran’s latest contravention of the accord, coincides with increasing tensions between Iran and the United States in the last days of President Donald Trump’s administration.

Tehran started violating the accord in 2019 in a step-by-step response to Trump’s withdrawal from it in 2018 and the reimposition of US sanctions lifted under the deal.

The agreement’s main aim was to extend the time Iran would need to produce enough fissile material for a nuclear bomb, if it chose to, to at least a year from roughly two to three months. It also lifted international sanctions against Tehran.

“A few minutes ago, the process of producing 20% enriched uranium has started in Fordow enrichment complex,” government spokesman Ali Rabiei told Iranian state media.

The UN nuclear watchdog confirmed that Iran had started the process of enriching uranium to 20% purity at its Fordow site.

“Iran today began feeding uranium already enriched up to 4.1 percent U-235 into six centrifuge cascades at the Fordow Fuel Enrichment Plant for further enrichment up to 20%,” the IAEA said in a statement on a report that was sent to member states.

The step was one of many mentioned in a law passed by Iran’s parliament last month in response to the killing of the country’s top nuclear scientist, which Tehran has blamed on Israel.

“Our measures are fully reversible upon FULL compliance by ALL (parties to the deal),” tweeted Iranian Foreign Minister Mohammad Javad Zarif.

Tehran insists it can quickly reverse its breaches if US sanctions are removed. Biden, who takes office on Jan. 20, has said the United States will rejoin the deal “if Iran resumes strict compliance” with the pact.

Nuclear watchdog
The Biden transition team declined comment on Iran’s enrichment move. The White House National Security Council had no comment, and referred queries to the US State Department, which did not immediately respond to a request for comment.

Tehran’s move could further hinder efforts to salvage the pact as its breaches have increasingly worried some of the deal’s other parties, which have urged Iran to act responsibly.

In Brussels, a European Union Commission spokesperson said that the “move, if confirmed, would constitute a considerable departure from Iran’s commitments”.

On Jan 1, the IAEA said Tehran had told the watchdog it planned to resume enrichment up to 20% at the Fordow site, which is buried inside a mountain.

“The process of gas injection to centrifuges has started a few hours ago and the first product of uranium hexafluoride (UF6) gas will be available in a few hours,” Rabiei said.

Iran had earlier breached the deal’s 3.67% limit on the purity to which it can enrich uranium, but it had only gone up to 4.5% so far, well short of the 20% level and of the 90% that is weapons-grade.

US intelligence agencies and the IAEA believe Iran had a secret, coordinated nuclear weapons program that it halted in 2003. Iran denies ever having had one.

In Jerusalem, Netanyahu said Iran’s enrichment decision could be explained only as a bid to “continue to carry out its intention to develop a military nuclear program”.

“Israel will not allow Iran to produce nuclear weapons,” he added.

Shielded by the mountains, Fordow is ringed by anti-aircraft guns and other fortifications. It is about the size of a football field, large enough to house 3,000 centrifuges, but small and hardened enough to lead US officials to suspect it had a military purpose when they exposed the site publicly in 2009.

The 2015 deal saw Iran agree to limit its enrichment in exchange for sanctions relief. The accord also called for Fordow to be turned into a research-and-development facility.

Under Iran’s former hardline President Mahmoud Ahmadinejad, Tehran began enrichment at the 20% level. Israel, which has its own undeclared nuclear weapons program, feared Tehran was building an atomic bomb.

After the discovery of Fordow, the US worked on so-called “bunker buster” bombs designed to strike such facilities. As Israel threatened at one point to bomb Iranian nuclear sites like Fordow, US officials reportedly showed them a video of a bunker-buster bomb destroying a mock-up of Fordow in America’s southwestern desert.



Trump Pauses Tariffs on Most Nations for 90 Days, Raises Taxes on Chinese Imports

A crane lifts an imports container from the cargo ship Epaminondas while it is docked at the Port of Baltimore, Wednesday, April 9, 2025, in Baltimore. (AP)
A crane lifts an imports container from the cargo ship Epaminondas while it is docked at the Port of Baltimore, Wednesday, April 9, 2025, in Baltimore. (AP)
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Trump Pauses Tariffs on Most Nations for 90 Days, Raises Taxes on Chinese Imports

A crane lifts an imports container from the cargo ship Epaminondas while it is docked at the Port of Baltimore, Wednesday, April 9, 2025, in Baltimore. (AP)
A crane lifts an imports container from the cargo ship Epaminondas while it is docked at the Port of Baltimore, Wednesday, April 9, 2025, in Baltimore. (AP)

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised the tax rate on Chinese imports to 125%.

It was seemingly an attempt to narrow what had been an unprecedented trade war between the US and most of the world to a showdown between the US and China. The S&P 500 stock index jumped nearly 7% after the announcement, but the precise details of Trump's plans to ease tariffs on non-China trade partners were not immediately clear.

Trump posted on Truth Social that because "more than 75 Countries" had reached out to the US government for trade talks and have not retaliated in meaningful way "I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately."

The 10% tariff was the baseline rate for most nations that went into effect on Saturday. It's meaningfully lower than the 20% tariff that Trump had set for goods from the European Union, 24% on imports from Japan and 25% on products from South Korea. Still, 10% would represent an increase in the tariffs previously charged by the US government.

The announcement came after the global economy appeared to be in open rebellion against Trump's tariffs as they took effect Wednesday, a signal that the US president was not immune from market pressures.

Business executives were warning of a potential recession caused by his policies, some of the top US trading partners are retaliating with their own import taxes and the stock market is quivering after days of decline.

White House press secretary Karoline Leavitt said the walk back was part of some grand negotiating strategy by Trump.

"President Trump created maximum negotiating leverage for himself," she said, adding that the news media "clearly failed to see what President Trump is doing here. You tried to say that the rest of the world would be moved closer to China, when in fact, we’ve seen the opposite effect the entire world is calling the United States of America, not China, because they need our markets."

But market pressures had been building for weeks ahead of Trump's move.

Particularly worrisome was that US government debt had lost some of its luster with investors, who usually treat Treasury notes as a safe haven when there's economic turbulence. Government bond prices had been falling, pushing up the interest rate on the 10-year US Treasury note to 4.45%. That rate eased after Trump's reversal.

Gennadiy Goldberg, head of US rates strategy at TD Securities, said before the announcement that markets wanted to see a truce in the trade disputes.

"Markets more broadly, not just the Treasury market, are looking for signs that a trade de-escalation is coming," he said. "Absent any de-escalation, it’s going to be difficult for markets to stabilize."

John Canavan, lead analyst at the consultancy Oxford Economics, noted that while Trump said he changed course due to possible negotiations, he had previously indicated that the tariffs would stay in place.

"There have been very mixed messages on whether there would be negotiations," Canavan said. "Given what's been going on with the markets, he realized the safest thing to do is negotiate and put things on pause."

Presidents often receive undue credit or blame for the state of the US economy as their time in the White House is subject to financial and geopolitical forces beyond their direct control.

But by unilaterally imposing tariffs, Trump is exerting extraordinary influence over the flow of commerce, creating political risks and pulling the market in different directions based on his remarks and social media posts. There still appears to be 25% tariffs on autos, steel and aluminum, with more imports set to be tariffed in the weeks ahead.

On CNBC, Delta Air Lines CEO Ed Bastian said the administration was being less strategic than it was during Trump's first term. His company had in January projected it would have its best financial year in history, only to scrap its expectations for 2025 due to the economic uncertainty.

"Trying to do it all at the same time has created chaos in terms of being able to make plans," he said, noting that demand for air travel has weakened.

Before Trump's reversal, economic forecasters say his second term has had a series of negative and cascading impacts that could put the country into a downturn.

"Simultaneous shocks to consumer sentiment, corporate confidence, trade, financial markets as well as to prices, new orders and the labor market will tip the economy into recession in the current quarter," said Joe Brusuelas, chief economist at the consultancy RSM.

Treasury Secretary Scott Bessent has previously said it could take months to strike deals with countries on tariff rates, and the administration has not been clear on whether the baseline 10% tariffs imposed on most countries will stay in place. But in an appearance on "Mornings with Maria," Bessent said the economy would "be back to firing on all cylinders" at a point in the "not too distant future."

He said there has been an "overwhelming" response by "the countries who want to come and sit at the table rather than escalate." Bessent mentioned Japan, South Korea, and India. "I will note that they are all around China. We have Vietnam coming today," he said.

What's not yet known is what Trump does with the rest of his tariff agenda. In a Tuesday night speech, he said taxes on imported drugs would happen soon.