Wednesday, May 17, 2017 1:35:52 AM
Aide Says Obama Urged Trump to Press China on North Korea
February 22, 2017 9:48 PM
Jenny Lee
FILE - U.S. President Barack Obama, right, greets President-elect Donald Trump at inauguration ceremonies swearing in Trump as
president on the West front of the U.S. Capitol in Washington, Jan. 20, 2017.
FILE - U.S. President Barack Obama, right, greets President-elect Donald Trump at inauguration ceremonies swearing in Trump as president on the West front of the U.S. Capitol in Washington, Jan. 20, 2017.
[...]
China cuts North Korean coal imports
In a public notice issued on Saturday, China's Ministry of Commerce said it has decided to cut off imports of North Korean coal for the remainder of 2017 as part of implementation of a U.N. Security Council resolution that was adopted last November.
North Korea's coal exports, mostly to China, generate over $1 billion in revenue for the country annually and account for about a third of all export income, the U.S. government estimated last September.
China's move was seen by some experts as a response to U.S. pressure.
The coal ban was an indirect message to the U.S., according to Bruce Bennett, a senior defense analysts at the Rand Corporation in Santa Monica, California. He paraphrased for VOA what he thought the Chinese meant: "Don't implement secondary sanctions against our companies. We are taking this action to punish North Korea. Don't punish Chinese companies in the process, because cutting off coal is going to hurt Chinese companies.”
Stephan Haggard, a visiting fellow at the Peterson Institute for International Economics in Washington said China's coal ban, when fully implemented, could easily bring on “a full-blown balance of payments crisis” in North Korea.
http://www.voanews.com/a/aide-says-obama-urged-trump-to-press-china-on-north-korea/3736300.html
.. is good to see Trump taking good advice from some people, expect him to take, and be given, credit for any increase in coal sales to China ..
Trump says China has turned back N. Korean coal ships, lauds it as 'big step'
By Eric Bradner, Steven Jiang and Ben Westcott, CNN
Updated 9:39 AM ET, Thu April 13, 2017
US warships approach North Korea: What to know
http://www.cnn.com/2017/04/12/politics/trump-china-north-korea-coal/
February 22, 2017 9:48 PM
Jenny Lee
FILE - U.S. President Barack Obama, right, greets President-elect Donald Trump at inauguration ceremonies swearing in Trump as
president on the West front of the U.S. Capitol in Washington, Jan. 20, 2017.
FILE - U.S. President Barack Obama, right, greets President-elect Donald Trump at inauguration ceremonies swearing in Trump as president on the West front of the U.S. Capitol in Washington, Jan. 20, 2017.
[...]
China cuts North Korean coal imports
In a public notice issued on Saturday, China's Ministry of Commerce said it has decided to cut off imports of North Korean coal for the remainder of 2017 as part of implementation of a U.N. Security Council resolution that was adopted last November.
North Korea's coal exports, mostly to China, generate over $1 billion in revenue for the country annually and account for about a third of all export income, the U.S. government estimated last September.
China's move was seen by some experts as a response to U.S. pressure.
The coal ban was an indirect message to the U.S., according to Bruce Bennett, a senior defense analysts at the Rand Corporation in Santa Monica, California. He paraphrased for VOA what he thought the Chinese meant: "Don't implement secondary sanctions against our companies. We are taking this action to punish North Korea. Don't punish Chinese companies in the process, because cutting off coal is going to hurt Chinese companies.”
Stephan Haggard, a visiting fellow at the Peterson Institute for International Economics in Washington said China's coal ban, when fully implemented, could easily bring on “a full-blown balance of payments crisis” in North Korea.
http://www.voanews.com/a/aide-says-obama-urged-trump-to-press-china-on-north-korea/3736300.html
.. is good to see Trump taking good advice from some people, expect him to take, and be given, credit for any increase in coal sales to China ..
Trump says China has turned back N. Korean coal ships, lauds it as 'big step'
By Eric Bradner, Steven Jiang and Ben Westcott, CNN
Updated 9:39 AM ET, Thu April 13, 2017
US warships approach North Korea: What to know
http://www.cnn.com/2017/04/12/politics/trump-china-north-korea-coal/
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
