President-elect Donald Trump has warned the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market. Germans were not buying Chevrolets at the same rate, he said. Source: Reuters
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Israeli media are reporting that Iran is building a factory in northwest Syria to manufacture long-range rockets. The Times said Iran was also helping Hizballah build subterranean factories in Lebanon to make Fateh-110 medium-range missiles. Source: RadioFreeEurope
Germany’s second biggest airline Air Berlin filed for bankruptcy on Tuesday after Abu Dhabi’s Etihad – its leading shareholder – refused to finance another bailout. Source: CNN
China urged the US and North Korea to urgently “put the brakes” on provocative actions and words on Tuesday after North Korean leader Kim Jong Un appeared to back away from a threat to fire missiles toward the US Pacific territory of Guam. Source: CNN