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CNBC (27 August 2026)

Evelyn Cheng

As the U.S. ramped up pressure this week on China with secondary Iran sanctions, the world’s two largest economies have still managed to stay focused on ways to cooperate.

It’s a sign of the balancing act on both sides, even as White House rhetoric has remained tough.

U.S. President Donald Trump signaled to reporters Thursday local time he could be sanctioning Chinese banks. “I don’t have to announce everything,” he said, according to a Fox News stream of the event.

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