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Monday, 14 August 2017

China Government Declares Bans of Iron, Seafood Imports From North Korea


China reported a restriction on imports of iron mineral, iron, lead and coal from North Korea today, cutting
a critical financial life saver for the Pyongyang regime, as it moved to actualize a bundle of sanctions set up together by the United Nations Security Council.The ban will take effect from tomorrow, the Ministry of Commerce announced.

But at the same time, Beijing warned the Trump administration not to split the international coalition over North Korea by provoking a trade war between China and the United States.

The warning comes as President Trump is expected to sign an executive memorandum Monday afternoon instructing his top trade negotiator to launch an investigation into Chinese intellectual property violations, a move that could eventually result in severe trade penalties,

 In China, these proposed measures were seen as an attempt to put pressure on Beijing to act more strongly against North Korea, and at the same time an attempt to shift the blame for the world’s failure to rein in Pyongyang’s nuclear and missile programs onto China alone.

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