TechBloomberg Tech2h ago
Dozens of China, Hong Kong Firms Hit by Bessent’s Iran Sanctions
TL;DRTrump sanctions hit Chinese and Hong Kong firms doing business with Iran, but spared major banks.
Why it matters: Signals restraint toward China's financial system while still pressuring Iran trade, shaping geopolitical alliances.
The Trump administration’s latest sanctions salvo against Iran has swept up businesses in China and Hong Kong, but avoided the far more consequential step of targeting major Chinese financial institutions.
Read full articleSource: Bloomberg Tech · Opens in new tab