Trump's New Economic Squeeze on Iran Has a Big Challenge: China
- On Wednesday, President Donald Trump vowed to inflict an "economic D-Day" on Iran, threatening "economic warfare" and warning that any country facilitating business with the nation faces "heavy sanctions" and "economic oblivion."
- Following the expiration of a 60-day deadline on Monday, Trump stated Iran "failed to take the opportunity" to negotiate, prompting the administration's shift to imposing the "toughest sanctions in history."
- Treasury Secretary Scott Bessent issued an ultimatum declaring nations are "either with us or against us," targeting China, which buys about 80% of Iran's oil, to join the "greatest coordinated economic isolation" in history.
- China rejected the threats on Friday, with Foreign Ministry spokesperson Lin Jian stating sanctions do not "fit the interest of any party," while Iran's chief of staff, Maj. Gen. Ali Abdollahi, warned of "devastating" responses to U.S. actions.
- Analysts warn cutting China's access to Iranian oil could raise global prices, while the U.S. Navy maintains presence in the Strait of Hormuz as the administration targets "substantial inflation" on Iran's 90 million people.
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160 Articles
Xi Jinping is clearly keen to travel to Washington, but the red line is already flashing.
The US has urged China to “fall into line” after the country condemned the US sanctions package against Iran. But the Iranian regime is grateful. “We welcome China’s principled statement against the illegal sanctions against Iran,” writes Parliament Speaker Mohammad Bagher Ghalibaf on X.
Negotiations are not a sign of retreat, but of resistance if national interests are served, says Ghalibaf. We must consolidate the gains of the war and avoid polarization, he adds. The post Iran: Ghalibaf's public letter in favor of negotiations with the US – Responds to hardliners appeared first on in.gr.
China is hitting back at the US's new sanctions plans against Iran, warning of violations of international law - and of a new escalation between the world's largest economies.
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