Login | Register

Post Reply 
US threatens to ‘cut China off’ from dollar if it doesn't uphold sanctions against NK
09-13-2017, 01:06 PM
Post: #1
US threatens to ‘cut China off’ from dollar if it doesn't uphold sanctions against NK
GLOVES ARE OFF. Trying to put China in a weird spot in regards to NK.

[Image: 59b800bcfc7e93401c8b4567.jpg]

The US could impose economic sanctions on China if it does not implement the new sanctions regime against North Korea, the US Treasury Secretary has warned. Steven Mnuchin said the restrictions could involve cutting off Beijing’s access to the US financial system.
“North Korea economic warfare works,” Mnuchin said Tuesday at the Delivering Alpha Conference in New York City. “We sent a message that anybody who wanted to trade with North Korea – we would consider them not trading with us.”

Read more
Andrew KellyUN Security Council unanimously adopts tougher sanctions on North Korea
The Treasury Secretary echoed the words of the US envoy to the UN, Nikki Haley, by calling the fresh round of sanctions against Pyongyang “historic.” Mnuchin added “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.”

Washington has, so far, been reluctant to impose economic sanctions on China over concerns of possible retaliatory measures from Beijing and the potentially catastrophic consequences for the global economy.

Washington runs a $350 billion annual trade deficit with Beijing. China also holds $1 trillion in US debt, which amounts to 28 percent of US Treasury bills, notes and bonds held by a foreign government.

US lawmakers, however, seemed to be more inclined to exert pressure on Beijing and other countries striking deals with Pyongyang as they demand a “supercharged” response to North Korea’s nuclear tests, including imposing sanctions on companies from China and any other country doing business in North Korea.

“I believe the response from the United States and our allies should be supercharged,” said Ed Royce, chairman of the House of Representatives Foreign Affairs Committee during a hearing Tuesday.

“We need to use every ounce of leverage... to put maximum pressure on this rogue regime,” he said, adding that “time is running out.” Royce also called on Washington to target major Chinese banks, including the Agricultural Bank of China and the China Merchants Bank for dealing with Pyongyang.

https://www.rt.com/usa/403118-usa-china-...rth-korea/

Those who know, know! Big Grin
Find all posts by this user
Quote this message in a reply
09-13-2017, 01:06 PM
Post: #2
RE: US threatens to ‘cut China off’ from dollar if it doesn't uphold sanctions against NK
3D chess right here.

US is playing all sides like a fiddle.

US is looking unstoppable at this point in terms of geopolitical maneuvers.

China is fading.
Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Qwant, website that doesn't seem to censor results as much pug-thug 0 73 Yesterday 04:34 PM
Last Post: pug-thug
  David Icke doesn't believe in the Orange Man pug-thug 9 403 09-18-2019 08:44 PM
Last Post: Redneck
  China Yuan Falls Below 7 to US Dollar Over Trade War - Reports pug-thug 19 577 08-18-2019 05:09 PM
Last Post: Redneck
  ARGENTINA IS COLLAPSING, PESO PLUNGES MORE THAN 30% AGAINST US DOLLAR IN EARLY MARKET pug-thug 4 163 08-13-2019 02:50 PM
Last Post: Billygoat

Forum Jump:


User(s) browsing this thread: 1 Guest(s)