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Reuters: Trump wants China's help on Iran. Beijing may have other ideas
Trump is expected to press Xi to help revive Iran talks as U.S. officials weigh sanctions on Chinese banks, analysts said.
- President Donald Trump meets Chinese leader Jinping this week to seek assistance resolving the costly war with Iran, viewing Beijing as essential to persuading Tehran to finalize a deal.
- China faces competing interests: it relies on an open Strait of Hormuz for oil while viewing Iran as a strategic counterweight to the United States, with Beijing remaining the largest buyer of Iranian oil.
- Washington has struggled to pressure Chinese banks; Brett Erickson of Obsidian Risk Advisors noted the Treasury Department is "just not willing to do anything on the Chinese banks that actually matter."
- President Trump told reporters on Tuesday he did not need China's help to convince Iran, citing the U.S. naval blockade; analysts believe Jinping is unlikely to cut economic support for Tehran.
- Sanctioning major Chinese banks could reignite the costly trade war paused last year, Edward Fishman of the Geoeconomics Center warned, as Beijing could retaliate by restricting critical minerals needed by Western industries.
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US President Trump Wants China's Help on Iran War But Beijing May Have Other Ideas
Washington: When U.S. President Donald Trump meets ChinesePresident Xi Jinping this week he is expected to ask for help resolving his costly and unpopular war with Iran. He is unlikely to get the support he wants.Analysts said that while Xi might agree to nudge Iran's leaders bac
·Mumbai, India
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Trump wants China's help on Iran. Beijing may have other ideas
Analysts said that while Xi might agree to nudge Iran's leaders back to the negotiating table, China's leader will be reluctant to cut economic support for Beijing's most important partner in the Middle East or to stop supplying it with the dual-use goods its military needs.
·United Kingdom
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Total News Sources23
Leaning Left3Leaning Right4Center4Last UpdatedBias Distribution37% Center, 36% Right
Bias Distribution
- 37% of the sources are Center, 36% of the sources lean Right
37% Center
L 27%
C 37%
R 36%
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