TYT: "China on Wednesday defended its business ties with Iran despite a set of U.S. sanctions targeting Tehran, potentially setting up further trade conflicts between Beijing and the Trump administration.
A statement from the Chinese Foreign Ministry reported by Reuters states that China's business dealings with Iran comply with all United Nations sanctions currently applied to Iran, and that the country would ignore new measures implemented by the U.S. on Tuesday.
"China's commercial cooperation with Iran is open and transparent, reasonable and fair, not violating any United Nations Security Council resolutions," the statement read, adding that "China's lawful rights should be protected."
China's response comes on the heels of President Trump's declaration early Tuesday that countries which continue to do business with Iran would soon find themselves frozen out of U.S. markets.
"The Iran sanctions have officially been cast. These are the most biting sanctions ever imposed," the president tweeted Tuesday, adding: "and in November they ratchet up to yet another level. Anyone doing business with Iran will NOT be doing business with the United States. I am asking for WORLD PEACE, nothing less!"
Hosts: Cenk Uygur, Ana Kasparian
Cast: Cenk Uygur, Ana Kasparian