Iran and US Trade Surpasses $125 Million in Eight Months

A recent report from the US Census Bureau indicates that bilateral trade between Iran and the United States reached $125.6 million in the first eight months of this year, with two-thirds of that amount consisting of US exports to Iran. According to the report published on Monday, October 9, US exports to Iran during this period amounted to $82.8 million, reflecting a 31% decrease compared to the same period last year. Iran's exports to the US were $42.8 million, showing a 37.6% decline compared to the same period last year. The mentioned statistics indicate that trade between Iran and the US has decreased by more than 33% since Donald Trump's administration took office in January of this year. The new US president has adopted a tough stance towards Iran and is particularly critical of the Joint Comprehensive Plan of Action (JCPOA), which addressed Iran's nuclear program. Mr. Trump, who referred to the nuclear agreement between six global powers, including the United States and Iran, as 'the worst deal' during the 2016 presidential campaign, has stated that he will review this agreement. The decline in Iran-US trade occurs while the US government is required to send a report to Congress every 90 days to confirm or reject Iran's compliance with the nuclear agreement. Current reports, including those in US media, suggest that Mr. Trump will likely refrain from confirming the agreement in the coming days and will probably leave the decision on its future and the potential reinstatement of sanctions to Congress. Trade between Iran and the US was approximately $260 million for the entire last year, with two-thirds of that amount consisting of US goods exported to Iran. However, in August of this year, US exports to Iran peaked at $35 million, which is five times the average monthly exports during the first seven months of this year, and it remains unclear how this trend will unfold in the next four months, although imports from Iran have remained within the range of previous months. The US primarily exports agricultural and medical products to Iran, while Iran's traditional exports to the US include carpets and pistachios. In this context, Larijani has called for the preparation of a 'plan to counter new US sanctions' against Iran. What will be the impact of new US sanctions on Iran? A 40% decline in pistachio exports during the first four months of 2017. The US National Security Advisor: The JCPOA has given all concessions to Iran. The changing battlefield of 'proxy wars'; a war against the people in the streets of Iran. The first paragraph; the responsibility of the opposition and the possibility of radicalizing Iranian society. The passing of the last Mossad representative in Tehran amid the Iran crisis. 1300 hours of internet outages; Witkoff: A horrific massacre occurred during the protests in Iran.