our top story tonight the Trump administration today announced the
re-imposition of sanctions against Iran those began at midnight the president
following through on his promise to undo the Obama era nuclear deal with Tehran
the first set of sanctions returning tonight target the Iranian automotive
sector as well as gold and other metals a second set of sanctions targeting oil
and the Iranian central bank will be re-imposed in November Iranian president
Hassan rouhani responded saying Iran couldn't hold talks with the United
States while under those sanctions but also acknowledging that they would be
willing to talk if the Trump administration is sincere
joining me now u.s. national security advisor John Bolton ambassador good to
have you with us glad to be with you Lou ambassador let's start with Iran you
have made it clear the president has made it clear that this is going to be
stern stuff your policy toward the against Iran these first two these first
sanctions however are not as powerful one could argue as the second set which
would come with the November 4th your judgment well the purpose of the phased
impact of the sanctions is to provide a fair wind down period for companies that
relied on the deal made in 2015 but I think the effect of the sanctions has
already been felt in Iran the currency since the president announced our
withdrawal from the Iran nuclear deal the Iranian currency has decreased by
nearly half we have seen millions and millions of dollars in currency leaving
Iran as the elites move their assets out of the country for fear of this and
we've seen a continuation of demonstrations and even riots in towns
and cities across Iran as the economy has gone into a tailspin so I think the
effects are already being felt the president's tough policy on Iran
withdrawing from the deal now these re institutions of sanctions
we get a report from Tehran rouhani saying that Iran is open to negotiations
if the United States is sincere referring to I assume the president
talking about a comprehensive deal is still something that he would be
interested in negotiating could you could you explain that for us sure look
the president has said since really beginning in the 2016 campaign he's open
to negotiating with leaders like rouhani like with Kim jong-un to sit down with
them the the Iranians have used negotiations in the past just to delay
the the effect of sanctions and pressure and to continue making progress on their
nuclear weapons program so if the Iranians really want to sit down and
talk about not just the failed nuclear deal but their ballistic missile program
and their support for terrorism and their belligerent military activity in
the region we're prepared to do that that's a suggestion that Frances
president Emmanuel macron has made that we'd like to see the Iranians carry
through on it's interesting and I'm trying to get a sense of what weight you
give rouhani's statement it's obviously too early to call it a breakthrough
how would you characterize it well in the past these kinds of statements have
been propaganda we'd like to see some real performance from Iran but the
president made it clear he'd be willing to speak as long as we cover all these
issues not just the failed nuclear deal and turning to China the tariffs are the
the there is obviously this is starting to spiral upwards it is still a I'm a
new fraction of the total trade relationship which a lot of commentators
forget when they start trying to explain why a market moves monolithically at the
least in the minds of some your judgment about how far this is going to go and
how far president Trump is prepared to go well I wouldn't underestimate how
determined president Trump is I think the ball is really in China's Court look
for 20 years now almost as part of the World Trade Organization they have
pursued a mercantilist policy in what should be a free trade environment and
they've done worse than they've stolen American and European
technology they've engaged in forced technology transfers they've been biased
against foreign investors and traders in China and for too many years American
administrations have let the Chinese get away with it so I think the purpose of
the president's tariffs is not just related to the trade deficit but to
force China to be held accountable for the violations of the agreements it's
made and the commitments it's made about how to deal internationally and it's
extraordinary the years and years of what has been basically propaganda from
so-called free traders about the fact that free trade does not have costs
associated with with the US economy it's been deleterious it is cut down economic
growth the president in less than two years has already broken through it
seems to the public consciousness about what the reality is that we have been on
the losing end of a trade war that's been waged against this country at least
at least since 2001 and China's admission to the World Trade
Organization right and the president said in the context of the European
Union look if you want to talk free trade let's have no tariffs let's have
no non-tariff barriers let's have no subsidies if you really want to do it to
have a free trade zone like we have internally in the United States we're
prepared to take a look at that but in the case of China in particular I think
even the Europeans agree they've taken advantage of a frame of framework of
free trade for their own policies and they've succeeded and it is as the
president made that offer you could almost heal or the the Chinese and the
Europeans sucking wind through their teeth at the very prospect that suddenly
they would have to go to free trade ambassador always good to see you thanks
for joining us here sanctions on Iran we'll be back in place by midnight
tonight they were suspended after the Obama era nuclear deal which President
Trump pulled out of back in May Ambassador John Bolton the president's
national security adviser with me now from the North Lawn and serve nice to
see you again well I had to be back thank you for
coming back with us I got a lot to go through so let's see how much we can
cover the next couple of minutes all right
what will major economic sanctions do against the Iranian regime well when
they come back into effect tonight we've really already seen some of the
implications the pressure on the Iranian economy is significant the value of its
currency is going through the floor we've seen public reporting of massive
flights of capital out of Iran the elites are getting nervous we continue
to see demonstrations and riots and cities and towns all around Iran showing
the dissatisfaction the people feel because of the straightened economy more
sanctions come back in in another 90 days but this is an indication of how
strongly we feel that the Iranian nuclear weapons program its ballistic
missile program its support for terrorism its belligerent activity in
the Middle East have to stop I've known you for a number of years and I know how
you feel about this regime so let's call it what it is you're trying to break the
regime's back economically are you not well our policy is not regime change but
we want to put unprecedented pressure on the government of Iran to change its
behavior and so far they've shown no indication they're prepared to do that
the president's made it clear repeatedly that he viewed the Iran nuclear deal as
one of the worst in American diplomatic history I thought he was right on target
on that we are not going to allow Iran to get nuclear weapons we're still you
don't say and you can argue that you don't want regime change but you know
the protests that have been happening over the weekend have gotten rather
intense and they're not protesting America they're protesting their own
rulers and leaders today and with good reason well understood we'll make the
case what do you know about these protests today that we need to
understand well look we know basically what we're seeing in the press that
these are widespread that they're spontaneous they're not coordinating
they're not due to the ramp position of American sanctions they reflect
long-standing opposition inside Iran to the regime to the economic deprivation
to the repression to the religious intolerance
I think this regime is on very shaky ground
the real question is whether the Rev Ellucian arey Guards Corps and the
ayatollahs will use force against their own people but what we're focused on is
the nuclear weapons program the ballistic missiles the support for
terrorism and the belligerent activity militarily so the phrase was maximum
economic pressure from from the president would you admit that you're
using the strength of the American economy right now as a weapon
globally maybe and maybe in Iran maybe in North Korea would you agree with that
framing well I think we're using the the economic system we have and its strength
to put pressure on these rogue regimes they're the ones that have been defying
their own commitments and obligations the unanimous decisions of the UN
Security Council that they not get deliverable nuclear weapons it has not
impressed the ayatollahs I think we're going to make them see the light okay
what would satisfy this administration what could the leaders of Iran do well
they could take up the president's offer to negotiate with them to give up their
ballistic missile and nuclear weapons programs fully and really verifiably not
under the owners terms of the Iran nuclear deal which really are not
satisfactory to stop their support for international terrorism to give up their
military activities in the region you know this is this is a complete package
the president has spoken to numerous European leaders about this if Iran were
really serious they'd come to the table we'll find out whether they are and
that's a big ask I think he would admit that right and this is a complete
reversal of American policy it is certainly a hundred and eighty degree
reversal from the failed Obama administration absolutely hmm
the president last week said he would sit down and talk with the Iranian
leadership is that real or how real is it I think I think he was very serious
about it if the ayatollahs want to get out from under the squeeze they should
come and sit down the pressure will not relent while the negotiations go on much
as in the case of the maximum pressure campaign against North Korea has the
president has Tehran suggested that they would talk to President Trump no they
flatly turned them down and I think that's an indication they're not serious
about stopping there behavior I think this regime is
dedicated to getting deliverable nuclear weapons they have been for 25 years and
I don't think the Iran nuclear deal slowed them down at all can you isolate
these European countries and companies that are right now forced to make a
decision do they do business with Iran or do they side with you well you know
we've been in continuous discussion with our friends in Europe about this and
while some of the governments still want to adhere to the nuclear deal their
companies are running from it the amount of business they're doing in Iran is
down substantially that's a real contributing factor to the pressure on
Iran because the business people know they want to do business with the United
States and if it's a choice between us or Iran that's a pretty easy choice for
them that's pressure their own governments in Europe are now
beginning to feel okay the way I understand it you will put on more
sanctions in another 90 days or so and I believe that's the oil
perhaps in early November if I'm right on the calendar there was the threat
that they would block the Strait of Hormuz I guess it's always real real or
imagined do you believe the Iranian leadership would act on that in that
crucial crucial choke point there between Iran and well the the Iranian
leadership has made a lot of mistakes in the past several years trying to close
the Straits of Hormuz would be the worst mistake yet do you believe I don't know
I I don't I don't think that they're serious about it I think they're still
bluffing but they should not underestimate our
determination that we're going to put pressure on them until they give up
their pursuit of nuclear weapons and all the other activities that I mentioned
that we are very serious on North Korea I'm reading that nine cases of coal were
about in the North Korean apparently it our skies as as Russian products what is
the level of compliance or lack thereof on behalf of Kim Jong Un's
well I'm not going to get into sensitive intelligence matters I can tell you that
our position is we still want strict enforcement of all the sanctions we
continuously speak with all the countries in the region about the
importance of that we're not going to tolerate diminution of The effect of the
sanctions we want the North Koreans to come forward and denuclearize as they've
committed to do and and will take the necessary steps
including enforcement steps to keep the sanctions tight do you think the
chairman Kim has given you the slip I don't really want to speak for chairman
Kim but I can say this the president's holding the door open
for North Korea he's shown them the future they can have if they follow
through on what they said in Singapore and gave up their nuclear and ballistic
missile programs it's up to North Korea to walk through the door but nobody can
say the president isn't holding it wide open North some of the commentary you
said yesterday with Chris Wallace and Fox News Sunday you said you're not
starry-eyed was the phrase you use what are you prepared to do what would be the
next step if you don't see compliance well I'm not going to speculate on what
that would be but the the North Korean regime knows what we expect of them we
expect they're going to live up to their word they gave that word to the South
Koreans they've given that word to us and denuclearize and get moving we want
performance here not rhetoric okay there's talk of a second summit I don't
know where that's coming from chairman Kim and president Trump is that real or
is that imagined sir well there's nothing scheduled we've
exchanged letters between President Trump and Kim jong-un Secretary of State
Mike Pompeo is ready willing and able to go back to Pyongyang and talk to Kim
jong-un and see if they can make further progress but it's really not so much a
matter of conversation it's a matter of performance by North Korea okay when
will we learn about what was in the letter the president Trump sent to
chairman Kim in recent I'm surprised you don't know already but but it's a
continued exchange of correspondence the president really is doing the best job
he can to tell the North Korea not to miss this opportunity
but did he phrase it the way you phrased it I'm giving you a golden opportunity
I've left the door wide open you can change the course of your country and
the course of millions of people who live under you well he didn't use those
words bill but maybe I'll borrow those for the next letter if I could propose
it do you think he is starry-eyed I don't think he's starry-eyed either
but but we have tried in every way we can I think we're doing the maximum
sales job we can to say the door is open the opportunities clear
everybody's waiting for the North Koreans to start moving okay last
question or Venezuela you said yesterday no US involvement there what more can
you add on who is who was trying to kill that leader and how they were trying to
execute it well there's really nothing more we can add at this point what we've
been focusing on with our embassy in Caracas is ensuring the safety of
Americans in Venezuela it's obviously a potentially dangerous time that's our
first priority I'll just repeat what I said yesterday if the Maduro regime has
any hard evidence of people in the united states engaging in activity that
rises to a criminal violation send it to us and we'll take a serious look at it
they haven't done that yet really appreciate your time I hope you get a
chance to come back very soon big issues on the table over the world as you've
just demonstrated John Bull
you
you
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