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Market Impact: 0.6
China Defends Cooperation With Iran, Warns Against Disrupting It
Source: Bloomberg
Sanctions & Export ControlsGeopolitics & WarTrade Policy & Supply Chain
Beijing warned it will retaliate against the US and said it won’t reduce cooperation with Iran after the Trump administration imposed new sanctions targeting China and Hong Kong-based businesses. The escalation risk from US-China-Iran sanction coordination is a near-term headwind for cross-border corporates with exposure to affected counterparties and compliance costs.
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