Trump Administration Hints at Sanctions on Chinese Banks Over Iran Trade Ties
US officials have signaled potential financial penalties against Chinese banking institutions that continue facilitating oil and trade payments between Beijing and Tehran.
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Trump hints at sanctions on Chinese banks over Iran ties before Xi’s expected US visit
US President Donald Trump on Thursday hinted at sanctioning Chinese banks over their commercial links with Iran, just weeks before Chinese leader Xi Jinping is expected to visit Washington for a bilateral summit. “Who said I’m not?” Trump said in response to a reporter’s question about why the US had not sanctioned Chinese banks for their dealings with Iranian entities. “Well, I don’t have to announce everything, do I?” Trump’s remarks come days after Treasury Secretary Scott Bessent announce...
By Nayan Seth,Han Li
Read full article →Trump Hints US Could Sanction Chinese Banks Over Iran Links
China is Tehran's biggest trading partner, particularly when it comes to oil. Chinese banks continue to handle payments related to those and other forms of trade between the countries.
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