Trump Admin Preparing Another Round of China Sanctions over North Korea Ties

Faith Castro
July 16, 2017

Whether the new penalties are put in place will depend on how a high-level economic meeting between US and Chinese officials in Washington next week goes and on how China responds to USA pressure on Pyongyang, according to Reuters. China will continue to strictly and earnestly implement the North Korea-related Security Council resolution in its entirety.

Despite Washington's calls for action, trade between China and its neighbour increased 10.5 percent to $2.5 billion in the first six months of the year compared to the same period last year, including a 29.1 percent jump in exports.

Geng: China and North Korea are neighbors, the two countries maintain normal trade and commerce dealings.

The decline follows China's decision in February to ban all imports of North Korean coal.

"North Korea's Kim Jong-un regime is conducting nuclear experiments and developing various kinds of missile technology, threatening not only the Korean Peninsula but the entire world's peace and security", he said. 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. 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 USA troops again at the Yalu River. "So much for China working with us - but we had to give it a try!"

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

But Beijing is also eager to avoid riling Trump.

The fresh and potential sanctions could target "low-hanging fruit", or smaller institutions rather than any of China's bigger banks, but the breadth of and when the sanctions are put in place will be contingent on talks between the US and China Wednesday, administration sources told Reuters.

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

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