China hits out at ‘illegal’ new US sanctions on Iran and trading partners

China has firmly opposed the United States' decision to widen economic sanctions against Iran and its trading partners, including Beijing. Foreign Ministry spokesman Lin Jian stated that China believes these unilateral sanctions are illegal and vowed to take all necessary measures to protect its rights. US Treasury Secretary Scott Bessent announced the new measures on Monday, warning that any nation financially partnering with Iran would be isolated.

China is the largest buyer of Iranian oil, though the trade has diminished due to the US blockade of Iran's ports. Lin emphasized that China and Iran's cooperation has always adhered to international law and should not be interfered with or disrupted. Bessent described the sanctions as "the single greatest financial offensive ever" against Iran, noting that banks and businesses would be part of Iran's isolation if they did not sever ties with the country.

He did not specify which nations, but stated that US President Donald Trump would be contacting world leaders to urge them to cease interactions with the Iranian regime. However, Bessent assured that no one was beyond the reach of US sanctions, including Chinese banks. The announcement precedes upcoming discussions between Trump and Chinese President Xi Jinping next month.

The US is likely concerned about potential retaliation from China, which handles the majority of the world's rare earths and other critical minerals needed for many high-tech products. China has previously implemented export controls on rare earths as part of trade negotiations with the US.