World

Iran's president suggests Trump has "Nazi disposition"

Photo: Mohammed Elshamy/Anadolu Agency/Getty Images

Iranian President Hassan Rouhani railed against President Trump and the United States for the majority of his speech at the United Nations General Assembly today, saying Iran can never make an agreement with an administration that is "misbehaving" as Trump's is.

Between the lines: Rouhani began his speech, just hours after Trump lambasted multinational organizations in his address, by bemoaning the "recklessness" of countries that don't respect international agreements and organizations. He then said, without naming Trump: "It is unfortunate that we are witnessing rulers in the world who think they can... gain popular support through the fomenting of extremist nationalism and racism and through xenophobic tendencies resembling a Nazi disposition."

Why it matters: Global supply lines are entangled in China

Huangpu port in China. Photo: VCG/Getty Images

The Trump administration is not only seeking what it calls fairer trade with Beijing, but much more — to upend the bedrock of the Chinese economy by forcing out the chain of manufacturing supply from the country, and pushing it elsewhere.

Why it matters: There are doubts about this end game of Trump's trade war. After decades of development and tens of millions of dollars of investment, few U.S. companies seem likely to move their manufacturing facilities out of China.