Trump said that the nuclear deal with Iran was an "embarrassment" and asserted that the economic sanctions against Tehran would be reinstated.
"The Iran deal is defective at its core. If we do nothing, the world's leading state sponsor of terror will be on the cusp of acquiring the world's most dangerous weapons," Trump said while announcing withdrawal of the pact.
European countries Britain, France and Germany had urged Trump not to pull out of the pact and said that his concerns could be addressed without ending the deal.
After Trump's announcement of ending the nuclear pact with Iran, the countries issued a joint statement and said that they will remain “committed to its full implementation.”
“This resolution remains the binding international legal framework for the resolution of the dispute about the Iranian nuclear programme," German Chancellor Angela Merkel, British Prime Minister Theresa May and French President Emmanuel Macron said in their joint statement.
"We urge all sides to remain committed to its full implementation and to act in a spirit of responsibility," they added.
Earlier on Tuesday, Iranian President Rouhani had said that the country could face “some problems” ahead of US President Donald Trump’s decision on whether to pull out of its nuclear deal with world powers.
”It is possible that we will face some problems for two or three months, but we will pass through this,” Rouhani had said.
Former US president Barack Obama, who brokered the Iran nuclear deal in 2015, termed Trump's decision a “serious mistake” that will destory America's image on global front.
“The consistent flouting of agreements that our country is a party to risks eroding America’s credibility, and puts us at odds with the world’s major powers,” Obama warned.