Stories

SaveSave story
Expert Voices

Nixing the Iran deal would be a boon to China

Iranian President Hassan Rouhani shakes hands with Chinese President Xi Jinping
Iranian President Hassan Rouhani shakes hands with Chinese President Xi Jinping during a welcoming ceremony on January 23, 2016, in Tehran. Photo: STR / AFP via Getty Images

May 12 is the next deadline for the U.S. to renew the sanction waivers key to the Iran nuclear deal. President Trump, who has long expressed disdain for the deal, may take the date as an opportunity to withdraw.

Why it matters: Trump's objections to the deal appear to be primarily diplomatic. But beyond its negative implications for nonproliferation, withdrawal would also have a significant impact on world trade and would bolster China's fortunes as an economic superpower.