China, Iran’s Biggest Oil Customer, Gets Last-Minute Sanctions Exemption From Obama Administration?

by ~ The Rebel ~ Posted 2012/06/29 21:39:40

Related Topics: Obamacare, China, Supreme Court, Obama, Iran, Hillary Clinton, Chinese, Obama Administration, Oil, Clinton, Secretary Of State Hillary Clinton, Contract, Court, The End, Custom

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In an announcement largely overshadowed by the Supreme Court ruling on Obamacare, Secretary of State Hillary Clinton said Thursday the administration was exempting China from imminent sanctions relating to Iran’s oil trade -- on the grounds, she said, that it had significantly reduced imports of Iranian oil.

China’s imports of Iranian oil did decline substantially between January and May this year, compared with the same period last year, although the drop was attributed, at least in part, to a contract dispute between China’s state-controlled Sinopec and Iran’s National Iranian Oil Co.

That dispute was resolved towards the end of March this year, and Chinese customs data released last week showed that China’s imports of Iranian crude rose again by 34.5 percent between April and May.

T A 2012/06/29 22:36:21

What of it? I have no desire for our government to interfere with trade between individuals or other nations. And if anyone really thought that any administration would piss off China they're deluded.

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~ The R... to T A 2012/06/29 22:55:47

What good are sanctions if they don't apply to everybody?

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T A to ~ The R... 2012/06/30 08:12:39 (edited)

+1
What good are sanctions when the only people hurt are the non-politicians and non-super wealthy? Anyway, as I said I'm against government interference in trade. Or put another way, I'm for real free trade. No taxes, tariffs, quotas, sanctions, or embargoes (which are an act of war).

So long as what is traded is not in direct violation of the NAP no one has the right to interfere.

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