US may impose more sanctions on China over Iran?; PRC-South Korea; Life for Evergrande’s Xu; AI governance; Supply chain punishment for Taiwan; “Pseudo-history”

Given the PRC’s economic relations with Iran, Trump is clearly threatening “TREMENDOUS Economic Consequences” for China. But can he really follow through on this threat, or will Xi just respond with two words: “rare earths”? Treasury Secretary Bessent said this on CNBC today about possible actions against China: we are confident that everyone wants the strait reopened and for energy prices to come…