China tightens noose on North Korea but warns Trump over trade

China tightens noose on North Korea but warns Trump over trade

Trump's move to link trade with the North Korea issue will only "exacerbate the country's economic woes and poison the overall China-US relationship", the state-run English newspaper China Daily wrote in a commentary, titled "Trump asking too much from Beijing on peninsula issue", on Monday.

The Commerce Ministry announced a ban on imports of iron ore, iron, lead and coal from North Korea effective Tuesday - although China will continue to clear goods that have already arrived in port until September 5.

"This is simply not fair", said the official who spoke on condition of anonymity.

A Beijing-based foreign diplomat who is familiar with the matter said that Wu, who turns 71 in December, had reached retirement age.

Beijing has defended its economic ties with Pyongyang as normal commerce between neighbours and insisted the trade did not violate United Nations sanctions.

Korean and Japanese media had reported on Kong's appointment since earlier this month even before Beijing's confirmation.

But cutting off more of its major commodity exports is likely to tighten the screws on Pyongyang's access to cash.

"By trying to incriminate Beijing as an accomplice in the DPRK's nuclear adventure and blame it for a failure that is essentially a failure of all stakeholders, Trump risks making the serious mistake of splitting up the worldwide coalition that is the means to resolve the issue peacefully", it said. Textiles were North Korea's second-biggest export after coal and other minerals in 2016.

"We will do our best to prevent (North Korea) from taking such acts by stepping up pressure through the UN", Prime Minister Shinzo Abe said on Monday.

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"I do think China is committed to implementing the measures", said Zhao Tong, a fellow at the nuclear policy programme at the Carnegie-Tsinghua Centre for Global Policy in Beijing.

"I am very disappointed in China", he said on July 29 on Twitter.

A Section 301 investigation normally lasts one year. Fish and seafood imports totalled Dollars 46.7 million in June, up from USD 13.6 million in May.

That nearly surpasses 2016's total of 1.64 million tonnes, worth an estimated US$90 million.

The measure would seek to address what the USA business community has described as flagrant trade violations by China, which employs a variety of rules and practices to wall its market off from foreign competition and pressure United States companies to part with valuable product designs and trade secrets - or to steal them outright.

She urged the U.S. to continue working with China for stable economic relations and asked it not to use the conflict in North Korea as a means to pressure Beijing in trade matters.

It is usually in concentrate form with relatively high iron content of 60-63 per cent, he said.

The US is entering historic territory in its blusterous negotiations with North Korea and discussion of a potential Nuclear War with North Korea, a Bernstein report notes.

He attended the meeting and witnessed the speech and said he believed the comments reflected a broader nationwide message from government.