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Iran Deal

The Transatlantic Trade Divide

The president of the United States, Donald Trump, is set to announce his decision on whether to continue the Iran Nuclear Deal on Tuesday. Some observers argue that Trump has so fiercely positioned himself against the deal because it’s part of the legacy of his predecessor Barack Obama – and Trump is bent on erasing Obama’s political legacy, no matter what the context or content.

The five permanent members of the United Nations Security Council (USA, China, Russia, France, Britain) had underwritten the deal in 2015 together with Germany. It lifted economic sanctions against Iran in exchange for the Middle Eastern country vowing to stop the development of nuclear arms. As our infographic with shows, the EU has much more to lose from Trump pulling the plug. The United States would not suffer in terms of trade, as on the U.S.-Iran trade relations suggest.

Description

This chart shows the value of imports and exports from and to Iran (in m euros)

Foreign trade in goods and services to GDP in the EU 1970-2024
Number of employees in the European Union 2009-2025
Employment rate in the European Union 2005-2025, by gender
Premium statistics
Distribution of Chinese foreign trade 2025, by trade partner
Gross Domestic Product (GDP) of European Union member states 2025
Age distribution in the European Union 1960-2025

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