China warns US of retaliation over expansion of Iran sanctions

China warns US of retaliation over expansion of Iran sanctions China on Tuesday warned the US that it could retaliate if Washington expands its sanctions campaign against Iran to target Chinese companies, potentially opening a new front in tensions between the world’s two largest economies. The warning came after US Treasury Secretary Scott Bessent on Monday announced measures aimed at further isolating Iran and threatening countries that continue to trade with Tehran with exclusion from the dollar-based financial