US can't be 'economic policeman of the planet', France says

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US can't be 'economic policeman of the planet', France says
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French government ministers reacted with anger and defiance on Wednesday to US president's Donald Trump's decision to pull his country out of the nuclear deal with Iran.


The foreign ministers of France, Britain and  Germany will meet Iranian representatives next week, Paris said Wednesday  after President Donald Trump pulled the United States out of a landmark nuclear deal with Tehran.

"We will meet with my British and German colleagues on Monday, and also  with representatives of Iran, to consider the entire situation," French 
Foreign Minister Jean-Yves Le Drian told RTL radio.

Le Drian insisted the Iran nuclear deal was "not dead".

"There is a US withdrawal from the agreement, but the agreement exists," the minister said.

French Economy Minister Bruno Le Maire said separately on France Culture  radio that the decision was "an error" not just for international security but from an economic point of view. 

It was "not acceptable" for the US to be the "economic policeman of the planet", he said.

Trump defied European pleas to stay in the pact, which curbs Iran's nuclear  program, and reimposed crippling sanctions which will come into effect within six months. 

The decision marked a stark diplomatic defeat for Europe, whose leaders, repeatedly and in person, had begged Trump to think again.

Le Maire pointed out that the withdrawal gives European firms doing business in Iran the "very short time of six months" to wind up investments -- or risk US sanctions.

"In two years, France has tripled its trade surplus with Iran," he said.

Le Maire said this would lead to "consequences" for major French companies,  such as Total, Sanofi, Renault and Peugeot.

He said he would have speak with US Treasury Secretary Steven Mnuchin by the end of the week to "explore what the possibilities are" to avoid the sanctions, including possible exemptions.  

On Wednesday the US ambassador to Germany warned German companies to cease trading in Iran "immediately".

While Iran's arch foes Israel and Saudi Arabia welcomed Trump's decision, other signatories to the existing deal -- Russia, China and the European Union -- vowed to stick by it.

Iran's President Hassan Rouhani accused Trump of "psychological warfare" and said Iran could resume uranium enrichment "without limit" but that it would discuss its response with other parties to the deal before announcing a decision.


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