China has warned the United States of potential retaliation if Washington expands its sanctions against Iran to target Chinese companies. China is Iran’s main trading partner, placing Chinese firms at the center of tensions between the two superpowers. Beijing has condemned these measures as illegal and pledged to protect its companies from compliance obligations. This development signals a potential escalation in diplomatic tensions between the two nations, as markets now price a decreased likelihood of Alibaba’s removal from the Chinese Military Companies list by June 30, 2027.
Source: Read the original article
