Washington: US 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 US demand that China stop purchasing oil from Iran and Russia.
“China will always ensure its energy supply in ways that serve our national interests,” China’s Foreign Ministry posted on X on Wednesday, following two days of trade negotiations in Stockholm, responding to the US threat of a 100 per cent tariff.
“Coercion and pressuring will not achieve anything. China will firmly defend its sovereignty, security and development interests,” the ministry said.
The response is notable at a time when both Beijing and Washington are signalling optimism and goodwill about reaching a deal to keep commercial ties between the
world’s two largest economies stable — after climbing down from sky‑high tariffs and harsh trade restrictions. It underscores China’s confidence in playing hardball when dealing with the Trump administration, especially when trade is linked to its energy and foreign policies.
US Treasury Secretary Scott Bessent, emerging from the talks, told reporters that when it comes to Russian oil purchases, the “Chinese take their sovereignty very seriously”.
“We do not want to impede on their sovereignty, so they would like to pay a 100 per cent tariff,” Bessent said.
On Thursday, he called the Chinese “tough” negotiators, but said China’s pushback has not stalled the negotiations. “I believe that we have the makings of a deal,” Bessent told CNBC.