In another example of Trump’s admin strategy of hitting other countries with a brick to try to make deals there has been a notification that the US will reimpose sanctions against the export of Iranian oil….
The more is designed to further cripple Iran’s economy, like Trump is trying to do with China, Europe and other places around the world….
So far Trump has got some talking movement, but little concrete change…..
But his actions ARE causing other economies worry…
That worry is also evident in the US business world ….
(As with other trade actions?….Trump’s admin will grant waiver seasides to certain countries that will continue to import Iranian oil)
One should notice when the 2018 US midterm elections are…
The Trump administration announced plans Friday to reimpose sanctions aimed at crippling Iran’s shipping, banking and oil industries in an aggressive move that has roiled relations with U.S. allies.
The punitive sanctions will go into effect Monday, a day before the midterm election and six months after President Trump withdrew from the landmark Iran nuclear deal because, he said, it did not block Iran’s other “malign” activities.
Secretary of State Michael R. Pompeo told reporters on a conference call that the new sanctions are aimed at “depriving revenue Iran uses to spread death and destruction.”
Unlike the global coalition that forced Iran to abandon its nascent nuclear program in 2015, the Trump administration has struggled to enlist international support for its push to choke off Iran’s daily export of 1 million barrels of crude oil, an amount already shrunken by previous U.S. sanctions.
Over the last six months, U.S officials have lobbied allies and other countries that import Iranian oil to shift to other sources before the sanctions hit, and have threatened to punish those that do not comply. But they have achieved only partial success.
About 20 countries have agreed to honor the embargo but some of the biggest consumers of Iranian oil, including China and Turkey, have not taken steps to reduce imports of Iranian crude, U.S. officials said.
The Trump administration has acknowledged that some countries are unable or unwilling to eliminate their reliance on Iranian oil, and the State Department will grant sanctions waivers to some governments or companies….
We ARE gonna see a group of nations banding together to counter Trump’s bullish foreign economic policy….For whoever has to clean up after Trump?
This group of countries probably led by China, IS gonna be a concern….
President Trump on Friday evening reasserted his openness to reaching a new Iran deal, days before the U.S. is set to reimpose a final set of sanctions on Tehran.
The sanctions are set to go into effect on Monday, marking the U.S.’s full departure from the 2015 Iran nuclear deal. Trump first announced his decision to withdraw the U.S. from the Obama-era deal in May.
“The United States remains open to reaching a new, more comprehensive deal with Iran that forever blocks its path to a nuclear weapon, addresses the entire range of its malign actions, and is worthy of the Iranian people,” Trump said in a statement released by the White House….