China Keeps Buying Oil from Russia and Iran Despite US Pressure

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.

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"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% 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 signaling optimism and goodwill about reaching a deal to keep commercial ties between the world's two largest economies stable - after climbing down from skyhigh 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.