Politics
Trump avoids sanctioning Chinese banks on Iran ahead of Xi meeting
U.S. declines to sanction Chinese banks despite Iran pressure campaign
2 Yesterday · 22h ago · 1 article · 1 post · 2 sources · development 2 of 2
Semafor reports the U.S. has so far declined to sanction Chinese banks while pursuing maximum economic pressure on Iran. A senior official said Friday that Treasury had already moved to sanction some Chinese companies and that effort would continue, but offered no commitment to target financial institutions.
“That's 'the last line to cross' if 'you really want to put the squeeze.'”
Jennifer Welch
Donald Trump U.S. President
Scott Bessent Treasury SecretaryJennifer Welch Bloomberg Economics analyst, former NSC director for China and Taiwan
Xi Jinping Chinese President
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