Thursday, 19 July, 2018

US, China in heated tug of war over North Korea

Schumer Top US Senate Democrat urges President Donald Trump to block China deals over North Korea
Andrew Cummings | 03 August, 2017, 01:10

Li's remarks came after Pyongyang test-fired an intercontinental ballistic missile on July 28 that has a range to hit major USA cities.

"I'm happy to work with Senator Schumer to figure out what his concerns are", added Cornyn, who has urged changes at CFIUS because of China.

Still, Haley's admission that the United Nations can't do anything effectively sidelines her, as the Ambassador to the United Nations, and puts the U.S. on an even more direct course toward attacking North Korea militarily, having rejected direct diplomacy and now seemingly deciding that worldwide efforts to increase pressure aren't working either. Moreover, a war with North Korea would cost the Us far more than the trade surpluses with China. And China has essentially acted like it no longer wishes to be bothered in interfering with our North Korea problem. Reports indicate that over 90 percent of North Korea's foreign trade is with China and 95 percent of its foreign direct investment comes from China.

Korean Central News Agency quoted Kim, its leader that "The entire United States mainland" is now within the range of North Korea.

In response to the test, US President Donald Trump said that he was disappointed that Beijing was doing nothing to restrain North Korea. "Working with us is so much for China", he wrote, "But we had to give it a try!"

"Trump has a strong personality, and he likes tweeting", a Xinhua News Agency commentary explained, "but emotional venting can not guide policy to a resolution of the nuclear issue on the peninsula".

Trump also reaffirmed the U.S.'s commitment to defend Japan and South Korea from "any attack".

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North Korea, for the second time in a month, tested an intercontinental ballistic missile on Friday.

According to Vzglyad columnist Petr Akopov, the North Korean issue initially emerged as a tool for blackmail against China. The reported recent tightening of China's outbound foreign direct investment (OFDI) controls in tandem with state funding for OFDI in many sectors indicate that major foreign investments in the USA from China are increasingly tied to state interests.

China wants both balanced trade with the United States and lasting peace on the Korean peninsula, its official Xinhua news agency added in a commentary.

On Monday, Trump expressed confidence the US would handle the situation.

"(The Chinese) control more than 80 percent of the imports into North Korea so that is a very important lever they could exercise", said Gorka.

The editorial said the USA should not keep "spurning responsibility" for the situation in North Korea.

Abe and Trump did not discuss military action against North Korea, nor what would constitute the crossing of a "red line" by Pyongyang, Deputy Chief Cabinet spokesman Koichi Hagiuda told reporters.

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