China has expressed strong opposition to the US's expanded sanctions against Iran, emphasizing its commitment to safeguarding its economic interests. The US Treasury Secretary indicated that nations engaging with Iran would face isolation, a warning that particularly affects China, the largest buyer of Iranian oil.
Chinese officials stated that their cooperation with Iran is lawful and should not be disrupted. This development comes ahead of upcoming talks between US President Trump and Chinese President Xi Jinping, raising concerns about potential retaliatory measures from Beijing, especially regarding critical mineral exports.
Watch for China's strategic moves in response to US sanctions, especially regarding rare earth exports. The upcoming Trump-Xi talks could reveal Beijing's next steps, potentially impacting global tech supply chains and energy markets.