Former Amb. to China warns U.S. must be ‘very, very careful’ about Iran sanctions targeting Beijing
Treasury Secretary Scott Bessent announced a new wave of secondary sanctions against Iran, dubbed "Operation Economic Outcast," aimed at severing Iran's financial connections globally. This move is presented as an "economic D-Day" by the Trump administration, although Bessent stated that the immediate goal is to warn countries doing business with Iran, including China, before fully implementing the sanctions to avoid blowing up the global financial system.
The effectiveness of these new sanctions and the Trump administration's willingness to target countries like China that have significant trade ties with Iran remain uncertain, potentially impacting international financial systems and diplomatic relations.
The episode also covers President Trump's escalating trade war with Canada, including new tariffs on Canadian goods and a proposed increase on automotive products, and Vice President Pence's defense of the administration's trade policies.
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PART OF: US IRAN STRAIT OF HORMUZ TENSIONS · 28 STORIES FULL STORY: 43 VIDEOS →
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