A man walks past an anti-U.S. mural in Tehran, Iran October 13, 2017. Nazanin Tabatabaee Yazdi/TIMA/File Photo via REUTERS
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European politicians treated U.S. President Donald Trump's new Iran policy as America going rogue.Trump Friday refused to certify Iran's compliance with the 2015 nuclear accord, threatened to pull out of it completely, imposed new sanctions and invited Congress to weigh in with more. But America does have the power to take unilateral action that affects companies everywhere – and has used it in the past. Trump gave Congress 60 days to consider reimposing curbs on Iran. Some of them could apply to businesses outside the U.S., potentially forcing them to choose between the American and Iranian markets.Haghdoust cites another client, a large European retailer with business in the U.S., which is interested in Iran but has decided to hold off until Trump's policy becomes clearer.Even before Trump's U-turn, European companies interested in Iran faced plenty of legal hurdles.In recent weeks, the U.K. signed a $720 million solar-energy deal with Iran, and France's state investment bank Bpifrance pledged almost $600 million of credit to French companies with projects there.
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