Trump’s All-Stick, No-Carrot Approach Has Brought Two US Adversaries Together | WHAT REALLY HAPPENED

Trump’s All-Stick, No-Carrot Approach Has Brought Two US Adversaries Together

Chinese investment in Iran is not a new phenomenon. The Persian Gulf nation is a critical corridor for Chinese President Xi Jinping’s $1 trillion Belt and Road infrastructure initiative. Iran has increasingly benefited from tens of billions of dollars in credit from China’s state-backed financial institutions. Beijing has a hand in wide swaths of the Iranian market, including the transportation, nuclear, and energy sectors.

A draft strategic partnership agreement, however, takes Beijing’s investment in Iran to a new level. Reports that Beijing and Tehran have settled on a $400 billion accord covering 100 separate projects across the Iranian banking, telecommunications, port, and oil industry—not to mention increased cooperation between the two nations in weapons development and intelligence—is a reflection of the importance the Chinese Communist Party attaches to the untapped Iranian market.

But the stronger China-Iran bilateral relationship is also an indictment of Washington’s Iran policy: an all-stick, no-carrot blunt instrument that has brought Beijing and Tehran, two U.S. adversaries, closer together.

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