US prepares to sanction Chinese firms over NKorea

Ebony Scott
July 16, 2017

The sanctions being considered would seek to apply economic pressure on businesses and companies in countries with ties to North Korea by denying them access to the U.S. market and financial system.

The overall rise in trade has been driven by China's exports to North Korea, which were up by almost 30% in the first half of the year.

"The maintenance of normal economic and trade exchanges between China and [North Korea] does not violate Security Council's resolutions", the foreign ministry spokesman said. "Just left China's President Xi where we had an excellent meeting on trade & North Korea", Trump stated Saturday.

China announced in February the suspension of coal imports from the North, striking a blow at a major source of income for the hermit state. Previous Chinese customs data showed two-way trade with the North had risen 30.6 percent in dollar terms in the first three months of the year.

In April, China positioned 150,000 troops along their much larger border with North Korea last week, as well as sending a fleet of fully-loaded cargo ships destined for North Korea back home.

China insists none of its current trade with Pyongyang is in violation of worldwide sanctions.

John Lasseter is no longer co-directing Toy Story 4
That's where Vanellope will meet the aforementioned princesses, who will all be voiced by their original vocal talent. She can constantly shift look of hair and clothes because she knows all the trend.

Tonga qualify for 2019 World Cup after Fiji beat Samoa
That final team has now been confirmed to be Tonga following Samoa's failure to get a losing bonus point in their clash with Fiji. Seniloli scored two tries in the first half and was the first to cross over for Fiji again in the second half.

United Kingdom takes steps towards Brexit with Repeal Bill
Green Party co-leader Caroline Lucas said there is an "environment-shaped hole" in the Bill and promised to seek to amend it. Labour say they will vote against the " Great Repeal Bill " unless May makes six changes.

"The sanctions imposed by the [United Nations] are not a comprehensive embargo", he said.

The UN and the US have attempted to use sanctions for the past decade in an attempt to stem North Korea's nuclear weapons development, but the latest July 4 test, which demonstrated a significant advance in its capabilities, have forced worldwide bodies to reconsider their response going forward. But it is especially anxious about the collapse of the regime with which it shares a border, and fears both an influx of millions of North Korean refugees and the possibility of a unified Korea with US troops again at the Yalu River.

But Beijing is also eager to avoid riling Trump.

Question: There are reports that say North Korea is taking advantage of "loopholes" in United Nations sanctions, increasing exports of iron to China.

"The new figures that the customs bureau have put out today suggest [they] have made an effort, at least on paper", he added.

Other reports by GizPress

Discuss This Article

FOLLOW OUR NEWSPAPER