EU's Tusk says with friends like Trump, who needs enemies?

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A top European Union official branded President Donald Trump selfish and capricious Wednesday as EU leaders gathered to count the likely economic damage US policies might inflict on the bloc and to try to rescue the Iran nuclear deal.

UK, French and German foreign ministers, along with the EU's top diplomat, discussed ways of saving the deal with their Iranian counterpart, a week after US President Donald Trump pulled out and reimposed sanctions on Iran. If the White House is willing to grant the European Union a special status that leaves it off the targeted entities list, the European Union is then ready to start trade liberalisation talks with the US, Juncker said.

However, the Cuba row was settled politically, so the blocking regulation's effectiveness was never put to the test, and its value may lie more as a bargaining chip with Washington.

European frustration over the Trump administration has been growing, especially following its pullout from the Iran deal last week.It was reflected in EU chief Donald Tusk's remarks following the Sofia summit.

Trump might have made his conservative constituencies back home pleased as a leader who keeps his promises (both the decisions on the Iran deal and Jerusalem were something Trump pledged during the 2016 presidential campaign) but on the ground, these moves have ended the US's reputation as a trusted intermediary and made a global disaster look imminent.

The British Prime Minster alongside Angela Merkel and Emmanuel Macron will "present their assessment of the situation" surrounding the Iran nuclear deal, according to Mr Tusk.

"I think the real geopolitical problem is not when you have an unpredictable opponent, or enemy or partner", said Tusk. Tusk told a news conference.

All the same, "Europe should be grateful for President Trump because thanks to him we have got rid of all illusions" that the European Union can rely on others for help, Tusk added.

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Russian firms have less to lose from bucking USA sanctions.

Following are the incentives offered by the Europeans: - Trade deal - The leaders said they could be open to trade talks with the U.S. to lower tariffs on certain industrial - but not agricultural - products as well as to open public procurement markets. Other EU officials have hinted at other measures to support Iran economically. Beijing also signalled that it intends to continue trading with Iran.

The US is the world's leading economic power.

It proved true as both Israel and Iran attacked each other's military infrastructure in Syria just a day after the United States announcement of walking out of the Iran's nuclear deal.

Beijing also signalled that it intends to continue "normal and transparent practical cooperation with Iran".

Finnish mining technology company Outotec said USA sanctions would slow down and complicate its ties with Iran but it was too early to say if it would leave.

Trump's withdrawal from the deal is now likely to boost China's influence in the region, a European diplomatic source warned.

The EU, which along with Germany, France, Britain, Russia, China and the United States signed the nuclear accord with Iran, does have some steps it can take to shield European business in Iran.