Trade Deals in the Spotlight as Tariff Deadline Looms

Politics, Geopolitics & Conflict Washington is shifting from enforcement to diplomacy where it concerns China’s purchases of Iranian oil. Trump has decided to tolerate record Chinese imports of Iranian crude (now above 1.8?million?bpd) while using selective sanctions and diplomatic channels to manage the flows. Trump has signaled Beijing is free to keep buying, as long as it increases U.S. crude intake in return. With the July 9 tariff deadline looming, the U.S. has struck its first bilateral deal, cutting a tariff agreement with Vietnam…