China warns US against expanding Iran sanctions to Chinese firms

China warns US against expanding Iran sanctions to Chinese firms China has warned Washington that it will retaliate if the Trump administration significantly expands its Iran-related secondary sanctions against Chinese companies. US Treasury Secretary Scott Bessent announced measures on Monday targeting companies in mainland China and Hong Kong. Washington stopped short of sanctioning major Chinese financial institutions. “China will take all necessary measures to firmly safeguard its rights and interests,” a Chinese foreign ministry spokesperson said on Tuesday. “China has...