Big question ahead of historic Xi visit: "Is WH willing to prioritize this new economic warfare campaign above its China relationship?"

The announcement extends a pressure campaign the Trump administration has waged since April under the banner Operation Economic Fury.

US President Donald Trump announced that the US is launching the "MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY".

Iran's Foreign Minister, Abbas Araghchi, dismissed Mr Trump’s latest threats in a post on X.