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EU Ramps Up Trade System With Iran Despite U.S. Threats

In a move designed to circumvent sweeping U.S. sanctions on Iran, European countries closed their first transaction with the Islamic Republic using a trade mechanism that the Trump administration has heavily criticized.

The move, announced Tuesday by Britain, France and Germany, underlined diverging European and U.S. strategies on dealing with Iran. European officials said they were confident that the transaction, the export of medical goods to Iran, would be the first of many despite past threats by U.S. officials that they…

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