Swift Discusses What Trump’s Iran Strategy Changes Mean for Foreign Businesses
13 October 2017
TheStreet
Partner Christopher Swift was quoted in a TheStreet article, “Trump Won’t Certify Iran Deal, Injecting Uncertainty into Business and Diplomacy,” about what the Trump administration’s position on Iran’s compliance under the 2015 nuclear accord means for global business. While U.S. companies are largely still prohibited from doing business in Iran, many European and Asian companies have been active there.
“This decision is highly disruptive for foreign businesses that can do business in Iran legally,” Swift said. “If the United States does withdraw from the Iran nuclear accord, then many of the European and Asian companies that rushed into the Iranian market or after the Geneva accords may be subject to U.S. sanctions once again. These sudden changes in the sanctions regime can create significant risks for companies that are not prepared.”
“This decision is highly disruptive for foreign businesses that can do business in Iran legally,” Swift said. “If the United States does withdraw from the Iran nuclear accord, then many of the European and Asian companies that rushed into the Iranian market or after the Geneva accords may be subject to U.S. sanctions once again. These sudden changes in the sanctions regime can create significant risks for companies that are not prepared.”
People
Related News
06 February 2025
In the News
Vanessa Miller Assesses Panama Canal Discourse
Foley & Lardner LLP partner Vanessa Miller commented in SupplyChainBrain article, "The Fight for Control of the Panama Canal," lending important context to the recent headlines over the important waterway.
06 February 2025
In the News
Gregory Husisian Weighs in on Suspension of De Minimis Trade Exemption
Foley & Lardner LLP partner Gregory Husisian offered context on President Trump's recent trade actions on China in The Wall Street Journal article, "Why Trump Is Closing a Trade Exemption for China."
04 February 2025
In the News
Andrew Wronski on Tariff Fluidity – 'Keep on top of the issues'
Foley & Lardner LLP partner Andrew Wronski assessed the evolving shift in U.S. trade policy in the Milwaukee Business Journal article, "Trump tariffs won't disappear — so how should Wisconsin businesses prepare?"