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Trump avoids sanctioning Chinese banks on Iran ahead of Xi meeting

Analysts cite rare earth reliance and diplomatic risk as reasons for restraint

1 Yesterday · 22h ago · 1 article · 1 source · development 1 of 2

Bloomberg Economics' Jennifer Welch, former NSC director for China and Taiwan, explains that sanctioning Chinese banks would be politically sensitive to Beijing and risk significant tension, particularly given U.S. dependence on Chinese rare earths.

Analysts cite rare earth reliance and diplomatic risk as reasons for restraint
semafor.com

“I can't imagine ... that the US is going to really go for the jugular given its reliance on Chinese rare earths. Some of the banks ... would be rather politically sensitive to Beijing and so would risk some significant flare-up in tension.”

Jennifer Welch

Donald TrumpDonald Trump U.S. PresidentScott BessentScott Bessent Treasury SecretaryJennifer Welch Bloomberg Economics analyst, former NSC director for China and TaiwanXi JinpingXi Jinping Chinese President

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1–2Analysts cite rare earth reliance and…
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Reported in the same hours no headline names this development itself — these 1 claim were published in its stretch

  1. 1 outlet Trump skirts last Iran lever ahead of Xi visit

    first by Semafor, 18h ago

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