WASHINGTON • US Treasury Secretary Steven Mnuchin warned that the United States may impose additional sanctions on China if it does not follow through on a fresh round of United Nations restrictions against North Korea..
WASHINGTON • US Treasury Secretary Steven Mnuchin warned that the United States may impose additional sanctions on China if it does not follow through on a fresh round of United Nations restrictions against North Korea.
„If China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the US and international dollar system – and that’s quite meaningful, “ he said during an event at CNBC’s Delivering Alpha conference in New York on Tuesday.
„North Korea economic warfare works. We sent a message that anybody (who) wanted to trade with North Korea – we would consider them not trading with us.“
Another senior official of the Trump administration said any such „secondary sanctions“ on Chinese banks and other companies were on hold for now to give time for China to show that it is prepared to fully enforce the latest and previous rounds of sanctions.
The UN Security Council added new sanctions against North Korea on Monday, banning its textile exports and capping fuel supplies, after leader Kim Jong Un’s regime conducted its sixth and most powerful nuclear test on Sept 3.
