Trump warns on trade with Iran as sanctions start
Iran says the US is 'isolated' in its hostility to the Islamic republic, but German car maker Daimler shuts its business activities there
Tehran — US President Donald Trump warned the world against doing business with Iran on Tuesday as he hailed the “most biting sanctions ever imposed”, triggering a mix of anger, fear and defiance in Tehran. “The Iran sanctions have officially been cast. These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level,” Trump wrote on Twitter. “Anyone doing business with Iran will NOT be doing business with the US. I am asking for WORLD PEACE, nothing less.”
Within hours of the sanctions taking effect, German car maker Daimler said it was halting its business activities in Iran. Trump’s May withdrawal from a landmark 2015 nuclear agreement had already spooked investors and triggered a run on the Iranian rial long before nuclear-related sanctions went back into force. The sanctions reimposed on Tuesday, which target access to US banknotes and key industries such as cars and carpets, were unlikely to cause immediate economic turmoil. Iran’s ...
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