Trump Will Need China for His New Economic War Against Iran. Good Luck Getting Xi on Side
Bessent said Washington could target Chinese banks and shipping firms as Chinese purchases of Iranian oil have already fallen sharply, officials said.
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4 Articles
Trump will need China for his new economic war against Iran. Good luck getting Xi on side
Beijing — When US Treasury Secretary Scott Bessent unveiled “Operation Economic Outcast,” threatening damaging new sanctions on countries that refuse to stop doing business with Iran, he didn’t name the one country that could decide its success or failure: China. The world’s second-largest economy has long been a critical economic lifeline for Tehran, buying up the vast majority of its oil exports – worth an estimated tens of billions in US dol…
Analysis: Trump’s fallback strategy on Iran faces just one big problem
Beijing has shown itself wary of playing a direct mediator role in the conflict, preferring a position where it protects its own economic interests – and plays up its image as a stable power that supports regional peace, in contrast to Washington’s vacillations.
The US economic offensive against Iran confronts China, the main buyer of Iranian oil. Washington for now avoids tougher measures against Beijing to avoid compromising the trade truce between Trump and Xi Jinping, whose summit is scheduled for September
The world's second-largest economy for a long time is an important line of economic support for Tehran
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