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.
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