Economics
Europe Is Set to Needle Trump With Iran Trade Promotion Plan
- U.K, France, Germany may register Iran business conduit Monday
- U.S. doubts initiative’s effectiveness in bypassing sanctions
National flags of Iran fly above the Modarres highway in Tehran
Photographer: Ali Mohammadi/BloombergThis article is for subscribers only.
Three European powers are set to make good on a plan to help companies trade with Iran, defying President Donald Trump with a bid to bypass U.S. sanctions.
The entity, which could be presented as early as Monday, is key to the European Union’s effort to save a 2015 nuclear accord with Iran after Trump withdrew the U.S. Whatever the economic impact, the push by the U.K., France and Germany is another sign of European exasperation with the president.