President Donald Trump may have brought peace to the Korean Peninsula but his tearing up of the so-called Iran deal might have a less happy ending. A quick look at the amount of trade between the US and Iran sheds light on why Trump might be so willing to scrap the status quo: Iran and the US barely trade with one another. Last year, US-Iranian trade amounted to a measly $200m. The same, however, cannot be said for the European Union, whose trade with the Middle Eastern nation is at an all-time high of $25bn per annum. Airbus, which is replacing Iran’s carrier fleet, and Royal Dutch Shell, which has taken an active role in Iran’s energy sector, are just two of the big-name EU companies operating there.
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