President Trump on Tuesday defended his decision to reimpose sanctions against Iran, and said the U.S. will shut out any company that does business with Tehran.
“These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level. Anyone doing business with Iran will NOT be doing business with the United States. I am asking for WORLD PEACE, nothing less!” Trump wrote on Twitter.
The Iran sanctions have officially been cast. These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level. Anyone doing business with Iran will NOT be doing business with the United States. I am asking for WORLD PEACE, nothing less!
— Donald J. Trump (@realDonaldTrump) August 7, 2018
The Trump administration announced Monday it would reimpose sanctions, the first since the U.S. withdrew from its nuclear agreement with the country months ago. It marked the end of a 90-day “wind-down” period given to companies doing business with Iran.
Trump’s move banned transactions with U.S. dollar banknotes, blocks transactions with Iran’s auto sector, and prohibits the sale or transfer of steel and coal to or from Iran. A second “wind-down” period will end Nov. 4, when another round of sanctions are expected to be placed on oil sales and Iran’s energy sector.
Last week Trump offered to meet Iranian President Hassan Rouhani “anytime” without preconditions.
“They want to meet, I’ll meet. Anytime they want,” Trump said at a White House press conference last Monday. “It’s good for the country, good for them, good for us, and good for the world.”
