LONDON: President Donald Trump said the U.S. will withdraw from the landmark 2015 accord to curb Iran’s nuclear program and reinstate financial sanctions on the Islamic Republic, opening an uncertain new chapter for the Middle East.
His decision, widely anticipated by allies and analysts, was intended to force Iran to renegotiate an agreement the country’s leaders have said they will not revisit. Trump’s political opponents warned he could lead the U.S. into another Mideast war.
“The fact is this was a horrible one-sided deal that should have never, ever been made,” Trump said. “We cannot prevent an Iranian nuclear bomb under the decaying and rotten structure of the current agreement. The Iran deal is defective at its core.”
German industry on Wednesday called for the European Union to shield investments.
“The German government and the EU now need to protect Iran business and restore lost trust,” the DIHK trade and industry lobby said in a statement. “Companies are worried that they could lose U.S. business as a result of their trade with Iran.”
Juergen Hardt, senior foreign affairs lawmaker for German Chancellor Angela Merkel’s party bloc, told the Phoenix broadcaster that Trump’s move was “highly risky” and “frivolous.”