So, the US exits the Iran nuclear deal. The business impact of it?
Not much at all for the US. But a very major impact for Europe.
US exports to Iran
2015 exports were $282 million, 2016 were down to $172 million and 2017 were further down to $138 million
Iran exports to the US
Just $64 million in 2017
European exports to Iran
€10.8 billion ($12.80 billion) in 2017, has grown 10-fold since 2015
Iran exports to Europe
€10.14 billion ($12.02 billion) in 2017, has grown 10-fold since 2015 Continue reading “Iran trade with the US and Europe; Euro area consumer credit growth; Almost 3% coupon on 10-year Treasury bond; US yield curve inversion vs Euro area curve yield inversion”