Trump will need China for his new economic war against Iran. Good luck getting Xi on side
“If Washington crossed that threshold (of sanctioning major Chinese banks), Beijing would almost certainly respond, and the political atmosphere for a summit (between Trump and Xi) would deteriorate sharply,” said Sun Chenghao, a senior fellow at Tsinghua University’s Center for International Security and Strategy in Beijing.
US President Donald Trump earlier said that he did not ask Xi “for any favors” on Iran during a May meeting between the two – a statement which, if correct, will likely smell to Beijing of American desperation to end the conflict.
Chinese purchases of Iranian oil have already declined sharply compared with last year as the US blockade has constrained Iranian crude exports.
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