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World markets dive as Trump sparks trade, North Korea worries

Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain...

Trump would make ‘big mistake’ by leaving Iran deal: Moscow.


Back in the 1990s I recall reading Tom Clancy’s loving paean to the M1 Abrams, Armored Cav, in which he related that the unkillable tank had never been knocked out by hostile fire. The Abrams’ 120mm cannon effortlessly peeled the turrets off of T-72 tanks in the Gulf War, while Russian anti-tank missiles and 125mm shells couldn’t pierce the American tank’s Chobham armor. In fact, the Abram’s own gun reportedly struggled to penetrate the Abram’s depleted uranium armor.
Since then the Abrams has been involved in a lot more war, and it has had to forsake its invincible reputation. During the U.S. invasion and occupation of Iraq, several were knocked out by massive IEDs or RPGs in the vulnerable rear armor, others by advanced Russian-made anti-tank missiles such as the AT-14 Kornet. In the ongoing conflicts in Yemen and Iraq, dozens of Saudi and Iraqi Abrams have been taken out by such missiles.
The Abrams also hasn’t encountered modern tanks. In fact, the Abrams is hardly unrivaled in its (very heavy) weight class: other vehicles such as the German Leopard 2, the British Challenger 2, the French Leclerc, and Israeli Merkava 4 possess similar firepower and protection levels, though of course each type has its advantages and disadvantages.) However, none of them were likely to ever be shooting at an Abrams, so it wasn’t a problem. For decades, the most threatening potential opponent was the Russian T-90 tank—a vehicle which has a fighting chance against the Abrams, but is hardly a peer.
Russia’s new T-14 Armata tank finally does present a peer challenge to the Abrams. While the Abrams still appears to have a slight edge in conventional armor, the Armata compensates with a combination of explosive-reactive armor and a sophisticated radar-guided Afganit Active Protection System (APS) intended to shoot down incoming projectiles. The T-14’s new 2A82 125mm also has improved armor penetration, meaning the Abrams’s frontal armor may be vulnerable at shorter combat ranges (possibly 1,500 meters and less).
While it’s still debatable which is the superior tank—they clearly both are capable of destroying one other—the point is that the Abrams can no longer assume the inferiority of opposing tanks.
The SEP V3 Abrams
Another thing they used to say in the 90s was “The Army doesn’t do cities.”
During the U.S. invasion and occupation of Iraq, which involved a gazillionMilitary Operations in Urban Terrain, a Tank Urban Survival Kit (TUSK) was rushed into service with a number of upgrades to cope with potential ambushes from any direction. Many of those upgrades have been standardized in later Abrams, including improved belly armor, a Crew Remotely Operated Weapons Station (CROWS)—basically, a remote-controlled .50 caliber machine gun so that the crew isn’t exposed when firing—and add-on Explosive Reactive Armor (ERA) to the vulnerable sides of the turret.
The U.S. Army had long eschewed ERA, as it can wound nearby friendly infantry and can get “used up”; however, it served as a relatively lightweight and inexpensive means of defending the Abram’s vulnerable side armor from concealed enemy rocket-propelled grenade teams.
The latest Abrams variant is an upgrade package, the M1A2 SEP V3. Many of its features are practical rather than sexy: upgraded computers, and a new Auxiliary Power Unit (APU) that allows the Abrams to keep its sophisticated systems running while the engine is off, improving the fuel efficiency of the Abram’s notoriously thirsty turbine engines. Maintainability is improved with modular, replaceable cabling.
There are some lethality upgrades, notably a datalink to connect with new Advanced Multi-Purpose programmable airburst shells. These will allow the Abrams’ main gun to shoot high explosive shells that detonate directly above enemy troops in cover—an ability hoped to counter to enemy anti-tank missile teams. Other detonation modes, including one optimized for penetrating walls, are also available. An improved Forward Looking Infrared Sensor (FLIR) will upgrade the Abrams’s detection capabilities and main gun accuracy. A revised, lower-profile remote-controlled machine gun also sports improved cameras.
Finally—and possibly, most importantly—the M1’s depleted uranium armor package has been improved. How much, you ask? The Defense Department sure ain’t telling! ERA, however, does not appear in the default package. A jammer for disabling wireless IEDs has also been installed.
Critical Add-Ons: News Ammunition and Active Protection
A number of the most important upgrades to the Abram’s capability maybe come independently from the SEP V3 upgrade package.
The first already began entering service in 2015: the M829A4 Armor Piercing Fin-Stabilized Discarding Sabot shell, the latest ammunition type for the Abram’s 120mm M256 cannon. The M829A4 has a segmented depleted uranium penetrator, and has been specially designed to defeat the Reliktexplosive reactive armor on the latest Russian tanks, including the T-14 Armata. Future improvements to the Abram’s firepower are likely to come by improving the capabilities of munitions, as they are easier to upgrade and replace than the main guns.
Another innovation, Active Protection Systems (APS), have the potential to revolutionize tank defenses—the best combine ‘soft kill’ measures that obscure the tank and mislead guided missiles, as well as ‘hard kill’ measures that literally shoot down incoming projectiles. These are generally most effective against missiles, though theoretically may be effective against tank shells; the M829A4 shell is supposedly designed to overcome them.
The Israeli Trophy APS has a proven record shooting down deadly anti-tank missiles in recent conflicts. The United States military has attempted to develop its own indigenous system—but recently, the Army and Marines begantesting Trophy on M1A2 tanks. Trophy can basically be purchased “off the shelf” and installed relatively quickly, so if the Defense Department decides the Abrams needs the capability, it could pursue the upgrade relatively quickly.
(Combat footage at the middle of the video)
Another upgrade that could be installed quickly if desired would be a Laser Warning Receiver (LWR). An LWR would notify the Abram’s crew if their vehicle was being painted by an enemy laser-range finders and guidance systems—giving the crew an opportunity to hit the reverse pedal and back the tank out of danger.
It should be stressed there are no definitive plans to install the latter two technologies in the SEP V3 Abrams. However they are obvious upgrades that could be implemented quickly and at reasonable cost.
The Future
The Army is currently planning to develop a more radical upgraded Abrams by 2020, the M1A3. Details are sketchy, but reducing the Abram’s roughly seventy-ton weight appears to be one of the priorities. Certainly, weight has limited the ability to deploy the Abrams around the world and restricted which bridges it can cross. Features specifically mentioned include a lighter-weight gun, replacing the wiring with fiber-optic cables to shave off two tons of weight, improved suspension, and adding a Laser Warning Receiver. Other improvements are doubtlessly being considered, but specifics are lacking for now.
Sébastien Roblin holds a Master’s Degree in Conflict Resolution from Georgetown University and served as a university instructor for the Peace Corps in China. He has also worked in education, editing, and refugee resettlement in France and the United States. He currently writes on security and military history for War Is Boring.
Image: “A M1A1 Abrams battle tank from Tank platoon Alpha Company, Battalion Landing Team 1st Battalion, 9th Marine Regiment, 24th Marine Expeditionary Unit, discharges a 120mm round towards a tank hull during a live-fire range in Djibouti, Africa March 30.

US President Donald Trump speaks during a meeting with members of the House Committee on Ways and Means in the Roosevelt Room of the White House in Washington. / AFP PHOTO / SAUL LOEB

Russia on Saturday said Washington would be making a grave mistake by pulling out of the Iran nuclear deal, adding that Moscow would work hard to keep the landmark agreement alive.
Deputy Foreign Minister Sergei Ryabkov criticised remarks by US President Donald Trump, who on Friday said the US will not reimpose nuclear sanctions on Iran for the moment, but would withdraw later this year unless the terms of the deal are changed.
“We are gradually coming to the conclusion that an internal decision by the US to leave the (Joint Comprehensive Plan of Action) has already been made or is close to being made,” Ryabkov said in an interview with Interfax news agency.
“This could be one of Washington’s big foreign policy mistakes, a big miscalculation in American policy,” he said.
Under the hard-won 2015 deal with Russia, the US, China, France, Britain, Germany and the EU, Iran agreed to curb its nuclear programme in exchange for lifting of a raft of international sanctions.
Trump on Friday gave an ultimatum to “either fix the deal’s disastrous flaws, or the United States will withdraw.”
America’s allies see the accord as the best way to thwart Iran’s nuclear ambitions and a victory for multilateral diplomacy. Tehran categorically denies it is seeking to develop atomic weapons.
But Trump argues that his predecessor Barack Obama gave away too much to Iran in sanctions relief, without forcing the Islamic republic to end its ballistic missile program and support for militant groups.
Ryabkov said Moscow must unite with Europe and China and undertake “intense work” to keep the existing plan intact and decried what he said was a US attempt to strongarm the situation.
“In what we heard yesterday, I don’t see any invitation for Iran to enter dialogue,” he said. “This defies the logic of the agreement.””Russia will do everything in its power to save the agreement,” he said.

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