Trump and Mnuchin Threaten China with Trade Sanctions After North Korea Nuke Test

Breitbart / Big-Government
by John Carney
9/3/2017

Excerpt:

North Korea’s latest nuclear test is also a test of China and the resolve of the United States.

On Sunday, North Korea set off its sixth nuclear explosion. Tremors from the explosion, which was as much as 10 times bigger than the previous test last year, could be felt in cities in China’s northeast.

The U.S. responded to the test by saying it would put together trade sanctions that would cut off trade with North Korea. China is by far North Korea’s largest trading partner, buying $2.34 billion of Korea’s estimated $2.8 billion of exports in 2015 and selling it $2.95 billion of goods. No other country has even 1/10th that level of trade with North Korea.

“There’s a lot we can do to cut them off economically, much more than we’ve done,” Treasury Secretary Steve Mnuchin said in an interview on Fox News Sunday.

Asked if that would include unilateral sanctions against Chinese banks and other companies doing business with North Korea, Mnuchin said: “We are going to strongly consider everything at this point and, again, I will draft a package for [President Trump’s’ strong consideration that would go as far as cutting off all trade and other business.”

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