The Euro-Atlantic Divergences and the Economic Impact of the Iranian Nuclear Issue

Abstract

The United States and the Europe have coordinated several times, especially after World War II. But there have been some divergences between them in recent years, especially in economic terms. The American and the European views are different regarding a series of world economy issues, including bilateral trade relations, the attitude towards China, Russia and their influences, military defence, energy supply, but also about the Iranian influence in the Middle East. This paper aims to analyse the Euro-Atlantic divergences from the Iranian nuclear issue perspective, in order to study the economic impact on the economies involved. The different views regarding this issue determine different economic effects; the most affected being the Iranian economy, even if the European Union tried to reduce the consequences of the American withdrawal from the Iranian nuclear deal. The new American paradigm, determined by the Trump administration, is looking to increase the United States influence over the world economy and to eliminate the poor trade relations, which caused numerous trade deficits. From the Iranian nuclear issue, the most advantaged economy is the Chinese one, whose trade relations with Iran increased, while the American withdrawal seems to be a good choice for the United States economy, generating trade benefits.

Keywords

• world economic powers
• eu influence
• us supremacy
• us-china competition