Washington (AP) – America and Chinese officials may be able to stop many differences to reach a business deal and stop punishment, but they stay too far on an issue: America demands that China stop buying oil from Iran and Russia.
China’s Foreign Ministry posted on X on Wednesday, “China will always ensure its energy supply in ways serving its national interests.” Two days of trade talks In Stockholm, the US threat to 100% tariff.
The ministry said, “Forced and pressure will not achieve anything. China will strongly defend its sovereignty, security and development interests,” the ministry said.
The response is notable at a time when Beijing and Washington are indicating optimism and goodwill about reaching a deal to maintain commercial relations between the two largest economies in the world-after climbing down from the Tash-Ukha-Ukha-Ukha-utter and harsh trade restrictions. This underlines China’s trust in playing hardballs while working with the Trump administration, especially when business is associated with its energy and foreign policies.
US Treasury Secretary Scott Besant, emerging from talks, told reporters that when it comes to purchasing Russian oil, “Chinese take their sovereignty very seriously”.
“We don’t want to disrupt their sovereignty, so they want to pay 100% tariff,” Besent said.
On Thursday, he called the Chinese “hard” negotiaters, but said that China’s pushback had not stopped the talks. “I am confident that we have a deal making,” Besent told CNBC.
Gabriel Wildau, managing director of Consultancy Tenaneo, said he suspects that President Donald Trump would actually deploy 100% tariffs. Wildau said, “Recently, all progress will be derailed and perhaps to kill any opportunity,” said Wildau said Wildau said.
In the demand for Russia and Iran to ban the sale of oil, a major source of revenue for the two countries, the US wants to reduce the money available to its terrorists, as Moscow pursued its war against terrorist groups of Ukraine and Tehran funds in the Middle East.
China plays hardball
When Trump unveiled a comprehensive plan for tariffs on dozens of countries in April, China was the only country that retaliatedThis refused to give us pressure.
“If the US is bent on implementing the tariff, China will fight until the end, and it is China’s consistent official stance,” said TU XIINQUAN said, “If the US is bent on implementing the tariff, China will fight till the end, and it is China’s consistent official stance,” said TU XIINQUAN said TU XIINQUAN said at the University of International Trade and Economics at Beijing. The World Trade Organization is a brief name for the World Trade Organization.
Talking on the strategy on the one hand, China may also suspect that the US would not follow through its danger, questioning Trump’s places on combating Russia, you said.
Skott Kennedy, Senior Advisor and Trustee President in Chinese Business and Economics at the Center for Strategic and International Studies in Washington, said Beijing is unlikely to change his currency when he sees anomalies in the goals of US foreign policy towards Russia and Iran, while Beijing’s policy support for Moscow is well -known and clear. It is also possible that it may want to use it as another conversation tool to extract more concessions from Beijing Trump, Kennedy said.
Danny Russell, a distinguished companion at the Asia Society Policy Institute, said that Beijing now sees himself as “having cards in his struggle with Washington”. He said that Trump has made it clear that he wanted to “Headline-Hathiana Deal” with Xi, “therefore dismissing American demand to prevent buying oil from Iran or Russia is probably not seen as a deal, even if it causes friction and delay.”
Oil continues to buy from Russia Protects XI’s “strategic solidarity” Russian President Vladimir, along with Putin and significantly reduces economic costs for China, Russell said.
“Beijing simply can’t take the risk of moving away from oil from Russia and Iran,” he said. “This is a strategic energy supply, and Beijing is buying it at fire prices.”
China depends on oil from Russia and Iran
A 2024 report by the US Energy Information Administration estimated that Iran went to China from about 80% to 90% of the oil exported by Iran. The Chinese economy benefits more than 1 million barrels from Iranian oil which imports per day.
The Iran’s Parliament planned to shut down Hormuz’s straight in June after the US attacks on Iran’s nuclear facilities, China spoke against the closure of the important oil transit route.
China is also an important customer for Russia, but the Russian seborn is second for India in purchasing crude oil exports. According to KSE Institute, according to the KSE Institute, in April, Russian oil sugar imports increased by 20% to more than 1.3 million barrels compared to the previous month compared to the previous month.
Last week, Trump said that America will impose 25% tariffs On goods from IndiaThis causes an additional import tax Purchase of India’s Russian oil. India’s Foreign Ministry said that its relationship with Russia on Friday was “stable and timid”.
The White House Deputy Chief and a top policy advisor Stephen Miller said that Trump has clarified that it is “acceptable” to continue the Ukraine war for India by purchasing oil from Russia.
“People will be surprised to know that India is originally tied with China in buying Russian oil,” Miller said on Fox News Channel’s “Sunday Morning Futures”. He said that America “needs to be real about tackling the financing of this war.”
Congress demands action
Sen Lindsay Graham, a Republican, Russia and its financial supporters of South Carolina, is emphasizing for restrictions and tariffs. In April, he introduced a bill, which would authorize the President not only on Russia but not only 500% tariffs on any country, which “deliberately” purchases oil, uranium, natural gas, petroleum products or petrochemical products from Russia.
Graham said in a statement, “The purpose of this law is to break the cycle of China – a communist dictatorial – buying oil below the market value from Putin’s Russia, which empowers his war machine to kill innocent Ukrainian citizens.”
The bill has 84 co-protagonists in the 100-seat Senate. A respective home version is introduced, also with bipartisate support.
Republican says they are ready to proceed on the law of restrictions if Trump asks them to do so, but the bill is still in hold.
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Associated Press Writors David McHug at Frankfurt and Rajesh Roy in New Delhi and researcher Yu Bing in Beijing contributed to the report.
Didi Tang, Associated Press
