This is only my opinion, and not the representation of Saintel Daily, LLC.
If you haven’t already heard, President Trump has decided, unilaterally, that he will be pulling the United States out of the “Iran Deal”. The Iran Deal, for those of you who don’t know, is an international agreement that lifted sanctions on Iran in exchange for the cessation of Iran’s nuclear weapons program. There are a couple of major concerns with this. The first one is that some American companies are at risk of losing a lot of money. Boeing – to name one. After the Iran Deal was finalized, back in 2015, American companies, like Boeing were allowed to start doing business with Iran again. In fact, Boeing made a deal with Iran Air to deliver 80 aircraft for about $17 billion. Because of this, Iran isn’t going to be able to upgrade their aging fleet.
Boeing isn’t necessarily going to be too upset about this, but that doesn’t mean that this doesn’t have a huge impact. The Iran Deal, which was formerly known as the “Joint Comprehensive Plan of Action” (JCPOA), wasn’t just an agreement between the U.S. and Iran. The UK, France, Germany, Russia, and China were all part of negotiating the deal. While no one is really heartbroken about this information, some are disappointed that the U.S. has decided to break this deal – and for no good reason.
The UK, France, and Germany have all issued a rare, joint statement expressing displeasure with the US’s violation of the deal, stating:
“It is with regret and concern that we, the leaders of France, Germany and the United Kingdom, take note of President Trump’s decision to withdraw the United States of America from the Joint Comprehensive Plan of Action. Together, we emphasize our continuing commitment to the JCPOA. This agreement remains important for our shared security. We recall that the JCPOA was unanimously endorsed by the UN Security Council in resolution 2231. This resolution remains the binding international legal framework for the resolution fo the dispute about the Iranian nuclear program. We urge all sides to remain committed to its full implementation and act in a spirit of responsibility.”
The US government is planning on giving any company that is currently doing business with Iran, 3-6 months to pull out of their deals. But is this really fair? And, what’s prompting this in the first place? Iran isn’t pleased either. Iran has indicated that anyone doing business with America should be leery because they’re not trustworthy. And, I mean, you can’t really blame them for feeling this way. Iran is the one who is going to hurt the most from this deal, but what can you do? I could understand if Iran had recently done something to upset the U.S. (read – Donald Trump), but it doesn’t appear that way, so again, why impose these sanctions, to begin with?
The Iranian government is optimistic that by keeping their deal with the other countries, it will isolate the United States. But we know that it won’t work out that way. This is just highly messy for the United States. Not to mention, very costly. Every time Donald Trump rolls back some kind of agreement that was made during Obama’s time in office, he is just spending more taxpayer money, that could be put to better use. Like, I don’t know… running the government?