U.S. Warns China Over Iranian Oil as Sanctions Fight Intensifies
China told its independent refineries to disregard U.S. sanctions over their purchases of Iranian crude.
It Is Happening Every Day, Every Where
China told its independent refineries to disregard U.S. sanctions over their purchases of Iranian crude.
The measures aim to crack down on Iran’s shadow banking system and Chinese purchases of Iranian oil.
The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
Officials from the world’s largest economies will try to strike a deal Tuesday to relax painful export restrictions that they have imposed on each other.
President Trump’s triple-digit tariffs on Chinese products disrupted global trade — but haven’t appeared to result in major concessions from Beijing.
The president said reducing tariffs to 80 percent from the current 145 percent “sounds right,” as U.S. and Chinese negotiators prepare to meet in Switzerland.
The Treasury secretary and trade representative plan to meet with Chinese officials this weekend to discuss trade and economic matters.
Scott Bessent, the Treasury secretary, and Jamieson Greer, the United States trade representative, will discuss trade and economic matters with the officials this week.
After weeks of bragging about upcoming trade “deals” with foreign countries, President Trump says the United States doesn’t need to worry about them after all.
The Treasury secretary said that trade deals with other U.S. trading partners could be announced as soon as this week.