https://asiatimes.com/author/spengler-david-p-goldman/
Recent reports of a possible US$400 billion Iran-China trade deal took Washington by surprise, prompting US Secretary of State Pompeo to threaten China with comprehensive economic sanctions.
If the deal is signed, Pompeo said, “We will be sure to enforce all the provisions we have – all the sanctions we have on the Islamic Republic of Iran – applied to the Chinese Communist Party and their businesses and state-owned enterprises as well.”
That would seem to imply a complete shutdown of economic relations between the US and China, which is unlikely because China’s exports to the US comprise about a quarter of its manufacturing GDP.
Inveighing against Beijing Sunday on Fox News, Pompeo warned that “China’s entry into Iran will destabilize the Middle East. It will put Israel at risk. It will put the Kingdom of Saudi Arabia and the Emirates at risk as well. Iran remains the world’s largest state sponsor of terror, and to have access to weapons systems and commerce and money flowing from the Chinese Communist Party only compounds that risk for that region.”
Earlier, two senior State Department officials offered a more cautious assessment of reports that Iran and China will sign a $400 billion investment deal. “The scale and feasibility of the deal deserve healthy skepticism,” Keith J Krach and Brian H Hook wrote in the Wall Street Journal.