Tuesday, 25 August 2026
China won't help Trump's economic war against Iran
Donald Trump needs China to play ball if his economic D-Day operation against Iran is going to work and drive the Tehran regime to the negotiating table. China is Iran's biggest trading partner, buying a huge proportion of Iranian oil. But China is not going to play ball. China never plays ball unless it's in its interest. I assume Trump was warned about this before he got his Treasury Secretary to announce the new sanctions against Iran and ordered all of Iran's trading partners to obey the new economic measures. China, I'm sure, will continue to trade with Iran. Other countries, too, will also risk Trump's sanctions and back Iran. So, like the military campaign, the economic campaign is not going to make such a difference if China and others just carry on as usual. Trade wars and tit-for-tat trade wars invariably make things worse, not better. Trump is due to see the Chinese leader, Xi Zinping, next month, and he won't want to screw that up before he even gets to Beijing. So D-Day might be a flop, although Scott Bessent, Treasury Secretary, seems pretty confident it will bring the mullahs and generals to their knees. But after years of international sanctions, Iran has learned how to get round them, just as North Korea has done all these years.
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