Back to the complete issue
Monday, 16 October 2017

Trump’s stance on Iran nuclear deal creating “chasm” with allies

Trump’s stance on Iran nuclear deal creating “chasm” with allies: US President Donald Trump’s attitude towards the Iran nuclear power agreement is creating “a widening chasm of mutual disdain between the United States and its traditional allies,” Karen DeYoung writes for the Washington Post. The countries that signed the 2015 agreement — France, the UK, China, Russia, and Germany — did not respond well to Trump’s Friday announcement that he would terminate the agreement with Iran “if Congress didn’t come up with a way to rewrite it to his liking,” receiving scorn from EU foreign policy chief Federica Mogherini who saw the move as a power play. Trump accused Iran of failing to honor the agreement and later told the press that “the Europeans were only interested in Iran’s money.” Trump gave Congress 60 days to decide what to do with the agreement. Egypt’s Foreign Ministry issued a statement backing Trump’s decision.

Trump’s “gamble won’t pay off,” Richard Nephew says in the FT (paywall). Not only is the agreement as it stands “very much in the US’ national security interests,” as State Secretary Rex Tillerson also stressed, but the hurdles are just too many, with no guarantees that Iran would even accept.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.