The Countries That Could Be Hurt Most by Trumps Plan to Target Irans Economy

The Trump administration has threatened “tremendous economic consequences” on any country that does business with Iran, and Treasury Secretary Scott Bessent was expected to unveil a new package of sanctions on Monday aimed at isolating Tehran further from the global economy.President Trump first announced the threat in a vaguely worded social media post on Wednesday.Mr.

Bessent said last week that countries that continue to do business with Iran would face the “full might and force” of the U.S.government.

Both men have described the measures as an “economic D-Day” for Iran.The president aims to put pressure on Iran’s leadership to negotiate an end to the war, though he has occasionally backed down from such threats.Iran, whose economy is already in free fall, has pledged to fight back: Its security chief warned over the weekend that Tehran would strike the interests of its oil-rich neighbors if they joined U.S.

efforts to isolate the country further.Here are some of the countries that could be most affected by new Trump administration measures:ChinaChina is Iran’s largest trading partner and the primary consumer of its oil, according to recent analysis by the U.S.-China Economic and Security Review Commission, a group founded by Congress to examine America’s bilateral ties to China.For years, China has been practically alone in its willingness to defy Western sanctions on Iranian oil, buying up to as much as 90 percent of Tehran’s oil exports.In recent months, however, Iran’s ability to ship oil by sea has been all but cut off by a U.S.

naval blockade.Last year, China estimated its bilateral trade with Iran to be worth nearly $10 billion, a figure that doesn’t include oil.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access.If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank y...