EU firms weigh Iranian risks after US sanctions

EU firms weigh Iranian risks after US sanctions
Iran sanctions dilemma for European companies. Pic: Getty

Within hours of Washington unveiling its first round of sanctions, German car maker Daimler froze a plan to make Mercedes Benz trucks in Iran

US President Donald Trump’s desire to isolate the Iranian economy seems to be working. Within hours of Washington unveiling its first round of sanctions, German car maker Daimler froze a plan to make Mercedes Benz trucks in Iran. That came even after the EU tried to salvage the Iran nuclear deal by pledging to protect firms from Trump’s assault.

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