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International Business Times UK

World

Jeyn Klare Reyes

Trump's 'Economic D-Day' Puts China and Iran's Trade Partners at Risk of Dollar-System Ban

Iran China Scott Bessent Donald Trump United States Tehran Washington D.C. Economy Oil

The Trump administration’s Operation Economic Outcast threatens foreign businesses and banks, including those in China, with sanctions and possible exclusion from the US dollar system over dealings with Iran. (Credit: The White House/Wikimedia Commons)

Donald Trump's administration has launched an economic offensive against Iran that threatens foreign banks, companies and governments with exclusion from the US financial system if they continue supporting Tehran.

The campaign, named 'Operation Economic Outcast', expands potential secondary sanctions across digital assets, technology, gold, aviation and shipping. Treasury Secretary Scott Bessent warned that entities laundering money for Iran could be removed from the dollar system.

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