As protests continue to rage in Iran despite a deadly crackdown by the authorities, U.S. President Donald Trump has threatened to impose an additional 25-per-cent trade tariff on countries doing business with Tehran.
That could sting China, Iran’s largest trading partner, and further imperil a shaky trade war truce agreed by Mr. Trump and Chinese leader Xi Jinping late last year. The threatened tariffs come just weeks after the U.S. attacked Venezuela, another ally of Beijing’s, with the stated purpose of seizing control of the Latin American country’s oil sector, currently dominated by Chinese companies.
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