Trump Sanctions Revive Barter Trade: China's Chery Trades Half-Built Cars for Iran's Copper - General Motors (NYSE:GM)

Barter trade activities between Chinese automotive giant Chery Automobile and Iran have risen amid U.S. Sanctions on the country by President Donald Trump.Cars Paid For In Metal Instead Of CashAs Trump escalated sanctions on Iran after abandoning the Iran Nuclear Deal in 2018, a barter trade began between Chery and Iran as the country's access to the global financial system became restricted, Bloomberg reported on Monday.The trade lets Chery, which is the largest exporter of vehicles in China, supply semi-k ...