Chinese analysts say China can withstand Trump threat after buying up to 90% of Iran oil

China can withstand President Trump’s threatened economic pressure over trade with Iran and could squeeze U.S. critical mineral supplies, Chinese analysts say. For decades, Beijing has defied Western sanctions by buying up to 90 percent of Tehran’s oil exports, and it has supplied Iran with technology and raw materials used to build missiles and drones. China is Iran’s largest trading partner and has enough oil to withstand the loss of Iranian crude. Trump said Wednesday that he would impose an “economic D-Day” on Iran and punish countries that “provide any type of lifeline” to the country, after warning this week of “tremendous economic consequences” for nations doing business with Tehran. Treasury Secretary Scott Bessent suggested Thursday that cooperation was in China’s best interest. Chinese analysts increasingly view the war in Iran, which the White House appears unable to end on favorable terms, as evidence of mounting U.S. weakness. Wu Xinbo, a leading American studies scholar at Fudan University in Shanghai who advises China’s foreign ministry, said the threat reflected desperation and a lack of workable alternatives.

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Chinese analysts say China can withstand Trump threat after buying up to 90% of Iran oil - CoinPost Terminal