U.S. Media: U.S. Treasury Secretary Bessent Unveils 'Economic Exclusion Initiative,' Threatening Sanctions Against Countries That Continue Trade with Iran, But the Real Determinant of Action's Effectiveness Lies in China.
China opposes unilateral U.S. sanctions, asserting that Washington has no right to dictate China’s normal trade with third countries, and has stated it will take measures to safeguard its own interests.
Nevertheless, neither China nor the United States is willing to trigger broader economic conflicts over the Iran issue, especially given the need to maintain ongoing trade reconciliation. The U.S. may pressure China by sanctioning related Chinese banks and enterprises, but this could also provoke retaliatory actions from China.
Original Source: toutiao.com/article/1874556663168064/
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