Trump considers sanctions on Chinese banks over Iran
A report stated that U.S. President Donald Trump indicated the possibility of imposing sanctions on Chinese banks dealing with Iran, as part of the escalation of economic pressure on Tehran. The remarks come as Washington continues to intensify its campaign to expand sanctions on Iran, specifically targeting entities and companies that continue to do business with Tehran, with a focus on China as Iran's largest trading partner, especially in the oil sector. Although the U.S. Department has not yet imposed direct sanctions on major Chinese banks, Washington has previously targeted companies in China and Hong Kong. China rejects the U.S. secondary sanctions, considering them illegal, which increases tensions between the two countries on trade and foreign policy issues.
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