How the new U.S. sanctions on Iran could affect China

August 24, 2026
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    How the new U.S. sanctions on Iran could affect China

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    Bessent announces new Iranian sanctions in ‘Operation Economic Outcast’

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  • How the U.S. government went from a balanced budget to $40 trillion in debt

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  • Canada and U.S. resume trade talks ahead of Trump administration’s new tariffs

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  • CPI shows inflation rose 0.1% from June to July

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  • Job losses in July reveal weakening U.S. labor market

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  • Dow and S&P 500 hit record highs fueled by Iran talks and AI-linked earnings

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  • Trump says he wants tariffs on Iran to be added to Russia sanctions bill

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  • Federal Reserve votes to keep interest rates unchanged

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  • U.S. Strategic Petroleum Reserve hits lowest level since 1983 while oil prices surge

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  • President Trump announces new tariffs on dozens of countries

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NBC News NOW

Treasury Secretary Scott Bessent announced new sanctions against Iran and said President Trump is imploring world leaders to join in on the “economic asphyxiation” of Tehran. Bessent said there would be no exemptions to the sanctions, which could indirectly affect China. Also, Bessent said President Trump would like Canada to return to trade talks in good faith. NBC News’ Christine Romans and Monica Alba report.

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