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U.S. NEWS Wednesday 9 May 2018

Located next to Wilhelmina Restaurant Tel. 583-0404
Trump declares U.S. leaving ‘horrible’ Iran nuclear accord

there was only a short time businesses to wind down Former President Barack
to negotiate with them. activity. Companies and Obama, whose admin-
Laying out his case, Trump banks doing business with istration negotiated the
contended, “If we do noth- Iran will have to scramble deal, called Trump’s ac-
ing, we know exactly what to extricate themselves or tion “misguided” and said,
will happen. In just a short run afoul of the U.S. govern- “The consistent flouting of
period of time, the world’s ment. Meanwhile, for na- agreements that our coun-
leading state sponsor of tions contemplating striking try is a party to risks eroding
terror will be on the cusp of their own sensitive deals America’s credibility and
acquiring the world’s most with Trump, such as North puts us at odds with the
dangerous weapons.” Korea, the withdrawal will world’s major powers.”
The administration said it increase suspicions that Israeli Prime Minister Benja-
would re-impose sanctions they cannot expect lasting min Netanyahu welcomed
on Iran immediately but U.S. fidelity to international Trump’s announcement as
allow grace periods for agreements it signs. a “historic move.”q
President Donald Trump signs a Presidential Memorandum on
the Iran nuclear deal from the Diplomatic Reception Room of
the White House, Tuesday, May 8, 2018, in Washington.
Associated Press
By CATHERINE LUCEY and nously warned his country
JOSH LEDERMAN might “start enriching ura-
Associated Press nium more than before.”
WASHINGTON (AP) — The sanctions seek to pun-
President Donald Trump ish Iran for its nuclear pro-
withdrew the U.S. from gram by limiting its abil-
the landmark nuclear ac- ity to sell oil or do business
cord with Iran on Tuesday, overseas, affecting a wide
abruptly restoring harsh range of Iranian economic
sanctions in the most con- sectors and individuals.
sequential foreign policy Major companies in the
action of his presidency. U.S. and Europe could be
He declared he was mak- hurt, too. Treasury Secre-
ing the world safer, but he tary Steven Mnuchin said
also deepened his isolation that licenses held by Boe-
on the world stage and re- ing and its European com-
vived doubts about Ameri- petitor Airbus to sell billions
can credibility. of dollars in commercial
The 2015 agreement, jetliners to Iran will be re-
which was negotiated by voked. Certain exemptions
the Obama administration are to be negotiated, but
and included Germany, Mnuchin refused to discuss
France and Britain, had what products might qual-
lifted most U.S. and interna- ify.
tional economic sanctions He said the sanctions will
against Iran. In exchange, sharply curtail sales of oil
Iran agreed to restrictions by Iran, which is currently
on its nuclear program, the world’s fifth largest oil
making it impossible to pro- producer. Mnuchin said
duce a bomb and estab- he didn’t expect oil prices
lishing rigorous inspections. to rise sharply, forecasting
But Trump, a severe critic that other producers will
of the deal dating back to step up production.
his presidential campaign, Iran’s government must
said in a televised address now decide whether to fol-
from the White House that low the U.S. and withdraw
it was “defective at its or try to salvage what’s left
core.” with the Europeans. Iranian
U.S. allies in Europe had President Hassan Rouhani
tried to keep him in and la- said he was sending his for-
mented his move to aban- eign minister to the remain-
don it. Iran’s leader omi- ing countries but warned