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By Carmel Crimmins DAVOS, Switzerland (Reuters) - Donald Trump's comments about NATO being "obsolete" reflect how the world has changed, but should not be interpreted as meaning that it needs to be consigned to history, a senior adviser to the U.S. president-elect said on Tuesday. Germany's Foreign Minister Frank-Walter Steinmeier said on Monday that Trump's comments had aroused concern across the 28-member alliance. Trump, who is due to be sworn in on Friday, criticized NATO for not defending against terrorist attacks.
Iranian President Hassan Rouhani said on Tuesday U.S. President-elect Trump cannot unilaterally cancel the nuclear deal Tehran signed with world powers including Washington and that talk of renegotiating it was "meaningless". Trump, who will take office on Friday, has called the July 2015 agreement "the worst deal ever negotiated". Under Iran's agreement with the United States, France, Germany, Britain, Russia and China, Tehran agreed to shrink its nuclear programme to satisfy the powers that it could not be put to developing atomic bombs.
Wall Street stocks dipped early Tuesday, at the start of a holiday-shortened week that culminates with Friday's inauguration of Donald Trump as president of the United States. Briefing.com analyst Patrick O'Hare attributed the market's weakness in part to uncertainty over gaps between Trump and key congressional leaders on tax reform and health policy. The broad-based S&P 500 also shed 0.4 percent to 2,265.76, while the tech-rich Nasdaq Composite Index fell 0.7 percent to 5,535.97.