According to CoinMeta, Trump intensified his rhetoric against Beijing before meeting with Chinese officials, indicating that he might impose sanctions on the Bank of China. U.S. Treasury Secretary Scott Bessent warned that the Bank of China would face sanctions if it participated in the ecosystem that converts Iranian oil into funds. Despite the United States imposing secondary sanctions on China, the two countries are still working to find ways to cooperate. A spokesperson for China's Foreign Ministry stated that all necessary measures will be taken to protect their own interests, but did not provide details about possible actions.