Economics
U.S. Threatens Retaliation If Companies Tap Iran Trade Vehicle
- Sondland says don’t take U.S. membership in NATO for granted
- U.S. ambassador warns non-humanitarian trade with Iran banned
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Companies using a European initiative meant to facilitate trade with Iran face U.S. retaliation, President Donald Trump’s envoy in Brussels said in a warning that casts even greater doubts about the plan’s effectiveness in contending with U.S. sanctions.
“Anyone actually using it to trade on anything other than humanitarian activity is going to be sanctioned by the United States,” U.S. Ambassador to the European Union Gordon Sondland said in a Feb. 7 interview. “We’ll find them and sanction them and they won’t be doing any business with the United States.”