US sanctions on Iran trade unlikely to impact China, expert says
Hamza Al-Kaud of Business Monitor International says US sanctions on countries trading with Iran will not affect China due to its global economic influence.
US sanctions aimed at constraining Iran's trade will likely have minimal impact on China, according to a prominent economic analyst. Hamza Al-Kaud, Deputy Director for the Middle East at Business Monitor International, a research firm, stated in an interview with Al Arabiya that the sanctions being considered by the US Treasury Department would not affect China.
Al-Kaud explained that Beijing is already under strict sanctions and remains open to dialogue, rendering the upcoming US sanctions less impactful. He emphasized that China's significant influence in the global economy, particularly among Asian buyers, means the sanctions would primarily serve as a negotiation tactic rather than a blockade.
Al-Kaud also highlighted that China's continued purchasing of Iranian oil is unlikely to provoke US President Donald Trump, whose policies focus more on areas like artificial intelligence and minerals. Furthermore, the interdependence between China and the United States in the global economy suggests that secondary sanctions targeting China for its oil imports from Iran would not disrupt the scheduled visit of Chinese President Xi Jinping to the US.
Written by urgent.news from Ajel English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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