WASHINGTON (AP) — China has taken a firm stance against U.S. demands that it stop buying oil from Russia and Iran or face a possible 100% tariff. This comes as both countries signal goodwill in negotiating a trade deal after two days of talks in Sweden. U.S. Treasury Secretary Scott Bessent acknowledges China’s position on oil purchases but suggests an overall trade deal remains likely. China has shown confidence in playing hardball when dealing with the Trump administration, especially when trade is linked to its energy and foreign policies. China was the only country that retaliated when President Donald Trump in April unveiled a sweeping plan for tariffs on dozens of countries.
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