The US is employing sanctions against China in an escalating financial and diplomatic conflict.

Amidst the tempest of international intrigue and economic brinksmanship, the U.S. unfurls its sanctions against China.

The U.S. is preparing sanctions against Chinese banks for supporting Russia

The restrictive measures will be designed to cut off some Chinese banks from the global financial system in order to limit Beijing's support of the Russian military industry

The Wall Street Journal t.co/4L8n98heqt

— Financelot (@FinanceLancelot) April 24, 2024

• U.S. drafts sanctions targeting Chinese banks aiding Russia.
• Secretary Blinken’s crucial diplomatic mission to Beijing amidst rising tensions.
• Biden’s executive order empowers Treasury Department for sanctions.
• Surge in China’s dual-use exports fuels Russian military buildup.
• Blinken’s ultimatum: China must choose between Europe and Russia relations.
• Initial disruptions in trade, followed by Chinese adaptation and resilience.
• Mixed effectiveness of historical U.S. sanctions against China.
• China retaliates with independent chip production, bans on U.S. imports

Source:

mishtalk.com/economics/us-threatens-to-sanction-companies-that-dont-give-a-damn/