- Published: Sunday, 08 June 2014
US-European Tensions Over Iran
Business Week, prior to this weekend, reported on the discrepancy between US and European trade data with respect to Iran. Last year, US shipments increased by 35 percent, totaling to a rise of approximately 315 million dollars. By contrast, European trade decreased by a staggering 77 percent. The vast difference is apparently attributable to differing application of US-led sanctions, with American companies being subject to a much greater proportion of exceptions to those globally-mandated restrictions.