Republicans might block Trump from killing Iran nuke deal

The correct answer is "yes".

International trade is heavily dependent on the big players being on the same page.

When the USA or EU loses a case in the WTO, the Appellate Body bends over backwards to make sure their reasoning is fully explained. When Nigeria loses a case, or any small developing country, there is less pressure to make sure they make those small countries feel like they had their say.

Hell, the WTO was founded when the USA and EU pulled out of the decades old GATT agreement and threatened to not use a 3rd party international body to litigate disputes unless it was through the WTO.

While technically the agreement can live on in paper, the US sanctions could make life so hard for EU and Chinese banks that the agreement will just fall apart.

This isn't just some theory. The entire monetary framework of the world would beed to be uprooted and redesigned to circumvent the world's largest economy in order for the deal to survive serious zuS sanctions.

But I doubt the US will issue real sanctions. Sanctions are a politicians tool to pretend like they are doing something. Iran isn't a big enougj danger to make the US expend that much capital under such an uncharasmatic president. I'm zure Merkel and Macron would love to give trump the finger and make a very public, unified statement about how Trump doesn't tell the EU what policies it will implement.

/r/worldnews Thread Parent Link - politico.com