Iranian President Hassan Rouhani on Monday said Tehran would be open to negotiations with the U.S. if President Trump Donald John TrumpSteele Dossier sub-source was subject of FBI counterintelligence probe Pelosi slams Trump executive order on pre-existing conditions: It 'isn't worth the paper it's signed on' Trump 'no longer angry' at Romney because of Supreme Court stance MORE lifts the sanctions that went into effect on Monday.

"We are always ready to negotiate," Rouhani said on Iranian state television. "But they need to return to [the Iran nuclear deal]. And they need to be honest. You can’t negotiate while putting sanctions on Iran, sanctions on Iranian children."

Live:Iran’s President addresses nation on economy, nuclear deal and U.S. sanctions. https://t.co/lVlWizDMOR — Press TV (@PressTV) August 6, 2018

"We are always in favor of diplomacy and talks," Rouhani said, according to Reuters. "But talks needs honesty. ... The U.S. reimposes sanctions on Iran and pulls out of the nuclear deal, and then wants to hold talks with us."

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U.S. sanctions against Iran's automotive industry, as well as trade involving gold and other metals, went into effect on Monday after Trump withdrew from the Obama-era nuclear deal in May. The nuclear deal lifted heavy U.S. sanctions against Iran in exchange for the country reducing its nuclear abilities.

The European Union on Monday said in a statement that it deeply regrets the restored U.S. sanctions against Iran, and vowed to stand by the Iran nuclear deal.

Trump often says he wants to meet with Iranian leaders, and last week said he would meet for talks without preconditions.

"I do not have any precondition if the U.S. administration is prepared today," Rouhani said on Monday. "We are ready to negotiate about the compensations they [U.S. leaders] have to pay to the Iranian nation for their acts of interference in Iran."

Rouhani: What Trump is doing is against Iran and the Iranian people. He isnot only pressuring #Iran. He is putting pressure on all foreign companies who do business in Iran. — Negar (@NegarMortazavi) August 6, 2018

The Trump administration in recent weeks has ramped up a pressure campaign against the Iranian government, decrying its leaders as exploitative and corrupt while supporting protesters on the ground.

Secretary of State Mike Pompeo Michael (Mike) Richard PompeoPutin nominated for Nobel Peace Prize The Hill's Morning Report - Sponsored by Facebook - Trump previews SCOTUS nominee as 'totally brilliant' Pompeo accused of stumping for Trump ahead of election MORE on Sunday said the U.S. is "going to enforce these sanctions" unless Iran implements "enormous change."

"We’re very hopeful that we can find a way to move forward, but it’s going to require enormous change on the part of the Iranian regime," Pompeo said. "They’ve got to – well, they’ve got to behave like a normal country. That’s the ask."