As the United States, United Nations, and nation states around the world react to North Korea’s most aggressive nuclear test to date, President Donald Trump’s former chief strategist’s take on how to deal with its benefactor, China, takes on new significance.
“This is 100 percent about China,” Steve Bannon, who has returned to Breitbart News as its executive chairman, said in an article published by the New York Times on Sunday.
Treasury Secretary Steven Mnuchin told Fox News Sunday that he is drafting a new sanctions package that will cut economic ties with anyone who does business with North Korea — a stance both Trump and Bannon have championed.
“There’s a lot we can do to cut them off economically, much more than we’ve done,” Mnuchin said.
China accounts for as much as 85 percent of North Korea’s trade market, according to theTimes.
“Some critics dismissed the president’s suggestion as an empty threat, because, if carried out, it would most likely prompt an immediate legislative remedy by congressional leaders from both parties,” the Times speculated.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
2 comments:
China owns BILLIONS of our debt. They can easily retaliate by raising the interest rate as high as they want or they can demand payment in full. The US would have to default and that would kill the value of the dollar.
Declare bankruptcy that we are actually in. Who's gonna do what about it?
Shoot down Kim's missiles and when he shoots another tell China to either stop their friend or we will.
When we do that, it will either be WW3 or peace.
We have a crappy record of "winning" wars in the last 65 years....
Post a Comment