China says it opposes unilateral sanctions and "long-arm jurisdiction", following the 25% tariff on US trade for countries doing business with Iran

China says it opposes unilateral sanctions and "long-arm jurisdiction", following the 25% tariff on US trade for countries doing business with Iran.

China's opposition to unilateral sanctions and long-arm jurisdiction highlights ongoing tensions with the U.S., particularly regarding tariffs on countries engaging in trade with Iran. This stance could escalate trade frictions, impacting global markets, particularly in commodities and currencies. Traders should watch for potential volatility in energy prices and safe-haven assets as geopolitical uncertainties persist.