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U.S. Tightens Iran Sanctions on China, Spares Major Banks

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🇭🇰 🇨🇳 The Trump administration’s latest Iran sanctions target dozens of individuals and entities in China and Hong Kong under Treasury Secretary Scott Bessent’s “Operation Economic Outcast,” aiming to cut off Tehran’s remaining financial lifelines while deliberately avoiding major Chinese banks to limit broader economic and diplomatic fallout. The move mirrors earlier U.S. enforcement patterns seen in Russia-related sanctions and signals Washington’s intent to raise the cost of doing business with Iran without triggering the systemic risks that would come from sanctioning large Chinese financial institutions.

Trump Slaps 7.5% China Tariff Ahead of Xi Summit, Total Rate Hits 20%

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‼️ BREAKING: President Trump is set to impose a new 7.5% tariff on Chinese goods—bringing the total tariff rate to 20%—citing “excess manufacturing capacity,” according to Bloomberg. The move comes ahead of a planned September 24 summit with President Xi and adds to tariffs first levied during Trump’s initial term and later extended by President Biden.