Trump's Iran Sanctions Spook Europe as Daimler Halts InvestmentsU.S. President Donald Trump’s desire to isolate the Iranian economy seems to be working.
Within hours of Washington unveiling its first round of sanctions, German carmaker Daimler AG froze a plan to make Mercedes Benz trucks in Iran. That’s even after the European Union tried to salvage the Iran nuclear deal by pledging to protect firms from Trump’s assault.
"I wouldn’t be surprised if more companies were to follow Daimler out of Iran," said Frank Biller, a automobile analyst based Stuttgart, Germany for Landesbank Baden-Wuerttemberg. "With the political situation right now, I’m sure a lot of companies are at least thinking about suspending their activities."
The U.S. goal is to get the Iranian regime to stop meddling in countries from Syria to Yemen, halt its ballistic missile program and commit to stricter limits on its nuclear program, not to overthrow the government, the administration officials said.
Rouhani said he’d be open to negotiations if the U.S. is “sincere,” but he added that such talks would be meaningless while his nation is being hit with sanctions. Trump and his top aides have raised the possibility of face-to-face discussions with Rouhani with “no preconditions.”
https://finance.yahoo.com/news/trump-restores-iran-sanctions-rouhani-143000147.html