World

Trump admin considering new sanctions on China over North Korea ties

Trump admin considering new sanctions on China over North Korea ties

The U.S. has been trying to get China and Russian Federation to back a new UN Security Council resolution imposing stiffer sanctions on North Korea following its latest missile test.

"My bipartisan legislation gives those that now conduct trade with North Korea a clear choice - either do business with this heinous outlaw regime or do business with the world's leading economic and military power", he added.

Trade between Beijing and Pyongyang during the past few months has not included any sanctioned content related to the provision of materials, nor has it helped to generate revenue for the DPRK's nuclear or ballistic missile programmes, Geng noted.

China is nervous about a nuclear armed North Korea.

US President Donald Trump has been openly expressing disappointment over China's lukewarm stance in curbing its economic trade with North Korea, which reportedly grew nearly 40 percent in the first quarter from a year ago, raising the possibility for broader secondary sanctions. 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.

Pyongyang. Yonhap
Pyongyang. Yonhap

On Monday, Sen. Chris Coons (D-DE) accused Trump of failing to use the summit to rally worldwide support for his efforts to pressure China to rein in the North.

Notably, China Customs said its first-half coal and iron ore imports from North Korea were in line with U.N. Security Council resolutions. "They've had numerous wars with Korea".

On Wednesday, China's foreign ministry bristled at questions about ongoing trade with Pyongyang that seems to skirt United Nations sanctions meant to isolate the regime - and reiterated its hostility to broader economic sanctions.

The new data reflects China's attempt to pull off a delicate balancing act between the US and North Korea, where it wants to prevent the regime collapsing because it worries about what that would mean for regional stability.

"Make no mistake, the Security Council's sanctions on [North Korea] can not be equated with all-encompassing economic sanctions".





  • New Images From the Game of Thrones Premiere!

    In the beginning, all Sansa wanted was to live in King's Landing, marry a prince, be beloved by all and live happily ever after. He is now a maester-in-training, on his way to helping the Night's Watch defend the Seven Kingdoms.
    China upholds United Nations  sanctions as trade with NoKor rises

    China upholds United Nations sanctions as trade with NoKor rises

    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.
    Skype coming to BMW cars

    Skype coming to BMW cars

    Additionally, the option of integrating calendars, contacts, lists, etc will also be offered. Skype will remind drivers about scheduled group conferences and schedule changes.
  • Ranbir Kapoor And Katrina Kaif Starrer Jagga Jasoos First Day Opening!

    Ranbir Kapoor And Katrina Kaif Starrer Jagga Jasoos First Day Opening!

    It doesn't go by formula and it doesn't have the conventional villain versus hero clash or whipped up melodrama. Now, Jagga Jasoos movie is out in the theaters from July 14th.
    Sensex closes at record high, crosses 32000

    Sensex closes at record high, crosses 32000

    In terms of the broader markets, the BSE mid-cap index rose 0.22 per cent, whereas the BSE small-cap index fell by 0.35 per cent. Biocon soared nearly 9 percent after its biosimilar breast cancer drug Trastuzumab received endorsement from the U.S.
    Cracks show in OPEC's plan to curb oil supplies

    Cracks show in OPEC's plan to curb oil supplies

    The agency forecast non-OPEC supply would grow by a combined 2.1 million b/d over 2017 and 2018, led by the US. It left its 2017 forecast unchanged on 9.33 million barrels a day, where United States production now sits.
  • Sunderland complete signing of Irish winger Aiden McGeady

    Sunderland complete signing of Irish winger Aiden McGeady

    He's mobile, he knows where the goal is and he fits in with the ethos that we're trying to bring to Sunderland . We've gone practical Primark in favour of pretentious Prada, and for many of us that's welcome news.
    Muguruza ready for second Wimbledon final

    Muguruza ready for second Wimbledon final

    The 14th-seeded Spaniard advanced to the final by beating Magdalena Rybarikova , 6-1, 6-1, Thursday on Centre Court. Williams owns a 3-1 career mark versus Muguruza, who lost to Serena Williams in the final at Wimbledon in 2015.
    Bagged out: Woolworths to phase out plastic bags within a year

    Bagged out: Woolworths to phase out plastic bags within a year

    Woolworths' lunchtime announcement was quickly followed by a similar announcement from fierce rival Coles on Friday afternoon. All Woolworths Group stores will be forced to comply, including Woolworths supermarkets, Big W and BWS.
  • Watch Kit Harrington Audition for Every Game of Thrones Role

    Watch Kit Harrington Audition for Every Game of Thrones Role

    And while the actor's answer seems to rule out such a meeting happening this season, it's likely still in the cards. You're not going to see a situation where we're launching a prequel on the back of the final season.
    Watch A Woman Destroy $258000 Worth Of Art While Taking A Selfie

    Watch A Woman Destroy $258000 Worth Of Art While Taking A Selfie

    The art exhibit is titled "Hypercaine", a collaboration between Birch, Gabriel Chan, Jacob Blitzer, and Gloria Yu . The unfortunate incident which took place in downtown Los Angeles, was caught on a video had happened a month ago.
    RM plc (RM) Stock Rating Reaffirmed by Peel Hunt

    RM plc (RM) Stock Rating Reaffirmed by Peel Hunt

    The rating was maintained by JP Morgan on Friday, March 17 with "Overweight". ( NYSE:BRFS ), 3 have Buy rating, 1 Sell and 2 Hold. The Firm offers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products.