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The tension between the U.S. and China has reached a new boiling point as the Trump administration imposes sweeping secondary sanctions on the major Chinese refinery Hengli Petrochemical and roughly 40 shipping companies and tankers involved in transporting Iranian oil. Beyond the energy sector, a significant technological rift has emerged with U.S. officials accusing Chinese firms like DeepSeek, Moonshot AI, and MiniMax of “distilling” billion-dollar American AI models to create low-cost, high-efficiency versions that bypass essential safety protocols.
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