Trump's decision to end US compliance with the deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), was made over the objections of worldwide leaders including French President Emmanuel Macron and German Chancellor Angela Merkel, who personally lobbied the president to honor the agreement-as well as 63 percent of Americans, according to a CNN poll.
European countries and companies that continue to do business with Iran could face USA sanctions, national security adviser John Bolton said Sunday.
In a separate interview on CNN's "State of the Union", he said Iran's economic condition is "really quite shaky", so the impact of sanctions "could be dramatic". Their leaders tried to persuade Trump not to abandon it. The announcement triggered USA plans to reimpose sanctions on the Islamic Republic within about six months.
"I hope that in coming days or weeks we will achieve an agreement that really works, that it really protects world from Iranian misconduct, not only of its nuclear program, but also of its missiles and its malignant conduct", said secretary of State.
By reimposing American sanctions, Trump placed those companies at risk because the USA might crack down on them in the America-centric global financial system and technology trade. There are precedents to avoid m: in 1966, when United States passed law that punished companies that did business with Cuba, administration ended up exempting European firms.
"The consequences of American sanctions go well beyond goods shipped by American companies", Bolton said. "As those sanctions kick in, it will have an even broader effect as well", he said.
Nestlé Pays $7.15 Billion to Sell Starbucks Coffee Grounds and K-Cups
Nestle CEO Mark Schneider says it's a great day for coffee lovers. "This is all about growth", Schneider told analysts. JAB Holding Co, which is owned by Peimann Family has invested more than $30 billion in creating its coffee empire.
Protesters in Tehran and other cities carried posters which read, "Mr. Trump, you are talking nonsense", as they echoed Iranian Supreme Leader Ali Khamenei, who on Wednesday accused the USA president of telling lies about the deal and calling his decision to withdraw from the agreement both "silly" and "impudent".
Trump has repeatedly said that he wants a "better" deal with Iran on the nuclear issue.
Although most analysts believe the United States withdrawal has effectively scuppered the agreement, Iran's foreign minister talked up the prospects of its survival on Sunday while visiting China, another of the signatories. "Trashing Barack Obama's accomplishments is".
Iran's president is also pushing for the deal to continue.
Bolton on Sunday reiterated the administration line that the US wants to work with its partners in new ways to counter a whole range of Iranian activity ― from its nuclear development to its support for forces around the Middle East that often work against American interests.