Iran Slapped with Massive Tariffs, Sanctions Over Attacks by Trump

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Donald Trump
Photo Courtesy of Gage Skidmore via Creative Commons License

Everyone wanted to know what Trump would do in response to the airstrike of the military base in Iraq would be, and for Iran, it is not going to be pleasant.

The country is already staring down the barrel at financial ruin, and it is about to get much worse after Trump announced more economic and diplomatic sanctions.

Boot on the Throat

President Trump has a rather unique way of buckling our enemies.

In an effort to avoid wars, he just chokes off their economies to bring them to the table.

The one country facing some of the stiffest sanctions in place is Iran, and Trump just put a second boot on their throat with the latest wave.

Secretary of State Mike Pompeo stated, “The goal of our campaign is to deny the regime the resources to conduct its destructive foreign policy.

“We want Iran to simply behave like a normal nation and we believe the sanctions that we impose today further that strategic objective.”

Among the most devastating of these sanctions is anyone dealing with Iranian businesses in the mining, textiles, and manufacturing industries.

Both steel and iron manufacturers have also been hit, as well as sanctions on three business entities in Seychelles.

Treasury Secretary Mnuchin stated, “Today’s sanctions are part of our commitment to stop the Iranian regime’s global terrorist activities.

“The president has been very clear we will continue to apply economic sanctions until Iran stops its terrorist activities and commit that it will never have nuclear weapons.”

Pompeo added, “Sadly, the previous administration had opened up revenue streams for Iran, under our administration oil revenues are down by 80 percent and Iran cannot access roughly 90 percent of its foreign currency reserves.”

Those revenue streams are all now effectively choked off, leaving Iran with one option… come to the table.

The only way these sanctions are going to get lifted is if Iran puts a new nuclear deal in place, one that can actually be enforced by the United States and its allies.

The only other alternative Iran has is to try to start a war, which they just did, and we all saw how that worked out for them.

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