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China defends oil deals with Russia and Iran in US trade talks

China defends oil deals with Russia and Iran in US trade talks
world8/4/2025

U.S. Treasury Secretary Scott Bessent acknowledges China's position on oil purchases but suggests an overall trade deal remains likely.

WASHINGTON (AP) — U.S. and Chinese officials may be able to settle many of their differences to reach a trade deal and avert punishing tariffs, but they remain far apart on one issue: the U.S. demand that China stop purchasing oil from Iran and Russi... [6985 chars]