Originally Posted by
VinRouge
What's to say that the Europeans can't continue to trade with Iran and ignore Trumps populist brain fart?
The USA will just extend sanctions to countries that continue to do business with Iran. And then it becomes a poo-flinging contest. Who can less afford to do without the other's business. Ten years ago, US and world financial systems were so intertwined that such sanctions would have crippled both sides. But since then, the US has implemented FATCA (Foreign Account Tax Compliance Act) which has had the effect of other countries sending US banking and finance business back here (or risk some pretty invasive audits by US authorities). So now, disengagement is much more probable. It would hurt American companies dependent on EU products (US airlines who need Airbus spare parts). But with Trump, the phrase "cutting off one's nose to spite the face" comes to mind.