China threatened to retaliate against the US, after the Trump administration announced a fresh economic campaign to strangle the Iranian regime, which counts Beijing as a major trading partner.

Iran's rial slumps to record low ahead of sanctions announcement; Tehran charges measures prove US failed in war, says it issued warnings against cooperating with pressure campaign

US Treasury Secretary Scott Bessent warned countries and entities cooperating with Iran of economic isolation as Washington prepares a sweeping financial offensive; Tehran…

China faces particular risk as US weighs penalties on banks and Iranian oil buyers

Update: U.S. threatens "economic D-Day" sanctions on Iran-