China smells Trump’s weakness on sanctions and allies

China has forcefully rebuked U.S. sanctions targeting small Chinese companies that trade with Iran. Amid President Donald Trump’s reluctance to sanction bigger Chinese targets, Beijing senses American weakness. The Chinese rebuke follows Treasury Secretary Scott Bessent’s announcement of new, Iran-related sanctions on Monday. Bessent hyped up these sanctions as constituting an “economic D-Day,” and the […]

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