Published: Sun, July 16, 2017
Health Care | By Oscar Goodwin

Trump admin considering new sanctions on China over North Korea ties

Trump admin considering new sanctions on China over North Korea ties

Now, the Trump administration is reportedly considering a fresh round of sanctions against small Chinese financial firms and shell companies that conduct business with North Korea, two senior US officials told Reuters.

Tensions rose after North Korea's test this month of an intercontinental ballistic missile that could reach the United States mainland.

The Trump administration has already slapped sanctions on two Chinese citizens and shipping firms accused of partnering up with Pyongyang while designating the Bank of Dandong as a money laundering concern.

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The US Congress is pushing for a bill meant to block companies with North Korea ties from using the American financial system amid growing calls for secondary sanctions against entities in China and elsewhere that may assist with Pyongyang's nuclear and missile programs.

But Beijing, as it has in the past, largely resisted Trump's demands. 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.

The latest potential measures could also be posturing prior to next week's meetings, given Trump's tweet following his meeting with Xi at the Group of 20 summit in Hamburg, Germany over the weekend. He referred to "tough pressures" that China faces in its relationship with North Korea.

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The 68-year-old had come under fire for driving under the influence of alcohol in 1991 and for playing golf in his post-retirement years on anniversaries of such national tragedies as the sinking of the Cheonan warship and North Korea's shelling of Yeonpyeong Island. "So much for China working with us - but we had to give it a try!"

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

But North Korean authorities are saying, "after two years, the worldwide situation will become more favorable for North Korea", the sources said.

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