Economics
U.S. Says VW to Leave Iran in Symbolic Win for Trump
- VW doesn’t confirm, says only that it complies with all laws
- U.S. Ambassador Richard Grenell led talks with company
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The Trump administration persuaded Volkswagen AG to comply with sanctions on Iran and end almost all of its business in the country, according to a U.S. official, a symbolically charged step in undercutting European Union efforts to keep the 2015 nuclear deal alive.
The U.S. and Volkswagen hammered out the final details on Tuesday after weeks of talks, according to U.S. Ambassador to Germany Richard Grenell, who led discussions with the Wolfsburg-based company. Volkswagen will still be allowed to do some business in Iran under a humanitarian exception, Grenell added.