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Trump’s Trade Conundrum With Iran

Reuel Marc Gerecht
16th October 2017 - Quoted by Peter Buxbaum - Global Trade Magazine

From an international trade perspective, one issue looms largest in the face of President Donald Trump’s decertification of the Iran nuclear deal last week.

Last year, Boeing completed a deal with Iran Air for the sale of 100 777 and 737 aircraft, a transaction worth in the neighborhood of $25 billion. The transaction that would not have been possible prior to the easing of trade sanctions with Iran, approved after the Joint Comprehensive Plan of Action (JCPOA), the controversial nuclear deal, was ratified by Congress. Boeing was granted a license for that sale by former President Barrack Obama’s Treasury Department.


“The question of what the president is going to do with the Boeing deal… remains unclear,” said Reuel Marc Gerecht, a senior fellow at the Foundation for Defense of Democracies, at a program held last week at the Atlantic Council. “I think one has to assume that if they remain unclear much longer, then the likelihood is that the president will allow President Obama’s license to stand for those sales, which, of course, if nothing else, philosophically, blows a bit of hole in the administration’s position, since there is no one in the administration who believes those planes are going to just be used for commercial travel.”


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boeing, iran