Another YUGE bluff?? Congress going to let him get away w/ ruining the American economy & send the world markets into a tailspin??
The rump on Sunday floated cutting off all US trade with any country that maintains economic ties to North Korea, a not-so-veiled threat to the country's primary trading partner, China.
"The United States is considering, in addition to other options, stopping all trade with any country doing business with North Korea," Trump wrote in a tweet.
It could be an empty threat. China remains a major US trade partner — according to the US Trade Representative, US goods and services traded with China in 2016 alone totaled an estimated $648.2 billion. Other US trade partners like India, Thailand, and the Philippines also maintain some economic ties with North Korea
ian bremmer ✔ @ianbremmer
The least credible policy threat made by Trump since assuming the presidency. #China
9:30 AM - Sep 3, 2017
43 43 Replies 189 189 Retweets 412 412 likes
Twitter Ads info and privacy
Follow
Clara Jeffery ✔ @ClaraJeffery
I am no economist but cutting off trade with China seems like it might have pretty dramatic repercussions on the US economy. …
9:22 AM - Sep 3, 2017
50 50 Replies 233 233 Retweets 573 573 likes
Twitter Ads info and privacy
Follow
Ankit Panda ✔ @nktpnd
A threat to stop all trade with China is not credible & Beijing knows. Expansive secondary sanctions? More so.
9:33 AM - Sep 3, 2017
8 8 Replies 68 68 Retweets 110 110 likes
Twitter Ads info and privacy
Trump's comments came several hours after US Treasury Secretary Steve Mnuchin called for an additional round of sanctions on North Korea on Sunday following the test of the country's most powerful weapon yet.
In an interview on "Fox News Sunday," Mnuchin said North Korea's test of what it claims was a hydrogen bomb was "completely unacceptable behavior."
"We've already started with sanctions against North Korea, but I'm going to draft a sanctions package to send to the president for his strong consideration," Mnuchin said.
He added: "People need to cut off North Korea economically."
Mnuchin also did not rule out implementing stronger regulations on Chinese companies and financial institutions that regularly interact with North Korea.
"China has a lot of trade with them, there's a lot that we can do to cut them off economically, much more than we've done already," Mnuchin said.
North Korea claimed that Kim Jong Un on Sunday inspected a hydrogen bomb that could eventually be mounted on an intercontinental ballistic missile.
Following news of the test, Trump chided China for refusing to cut economic ties with Noth Korea, and reiterated his hints at using potential military force to eliminate North Korea's weapons.
Follow
Donald J. Trump ✔ @reonaldTrump
North Korea has conducted a major Nuclear Test. Their words and actions continue to be very hostile and dangerous to the United States.....
4:30 AM - Sep 3, 2017
9,934 9,934 Replies 21,352 21,352 Retweets 63,585 63,585 likes
Twitter Ads info and privacy
Follow
Donald J. Trump ✔ @realnaldTrump
..North Korea is a rogue nation which has become a great threat and embarrassment to China, which is trying to help but with little success.
4:39 AM - Sep 3, 2017
9,166 9,166 Replies 17,528 17,528 Retweets 60,605 60,605 likes
Twitter Ads info and privacy
Follow
Donald J. Trump ✔ @reaonaldTrump
South Korea is finding, as I have told them, that their talk of appeasement with North Korea will not work, they only understand one thing!
4:46 AM - Sep 3, 2017
15,427 15,427 Replies 18,455 18,455 Retweets 61,235 61,235 likes
http://www.businessinsider.com/stev...tm_campaign=Feed:+clusterstock+(ClusterStock)
The rump on Sunday floated cutting off all US trade with any country that maintains economic ties to North Korea, a not-so-veiled threat to the country's primary trading partner, China.
"The United States is considering, in addition to other options, stopping all trade with any country doing business with North Korea," Trump wrote in a tweet.
It could be an empty threat. China remains a major US trade partner — according to the US Trade Representative, US goods and services traded with China in 2016 alone totaled an estimated $648.2 billion. Other US trade partners like India, Thailand, and the Philippines also maintain some economic ties with North Korea
ian bremmer ✔ @ianbremmer
The least credible policy threat made by Trump since assuming the presidency. #China
9:30 AM - Sep 3, 2017
43 43 Replies 189 189 Retweets 412 412 likes
Twitter Ads info and privacy
Follow
Clara Jeffery ✔ @ClaraJeffery
I am no economist but cutting off trade with China seems like it might have pretty dramatic repercussions on the US economy. …
9:22 AM - Sep 3, 2017
50 50 Replies 233 233 Retweets 573 573 likes
Twitter Ads info and privacy
Follow
Ankit Panda ✔ @nktpnd
A threat to stop all trade with China is not credible & Beijing knows. Expansive secondary sanctions? More so.
9:33 AM - Sep 3, 2017
8 8 Replies 68 68 Retweets 110 110 likes
Twitter Ads info and privacy
Trump's comments came several hours after US Treasury Secretary Steve Mnuchin called for an additional round of sanctions on North Korea on Sunday following the test of the country's most powerful weapon yet.
In an interview on "Fox News Sunday," Mnuchin said North Korea's test of what it claims was a hydrogen bomb was "completely unacceptable behavior."
"We've already started with sanctions against North Korea, but I'm going to draft a sanctions package to send to the president for his strong consideration," Mnuchin said.
He added: "People need to cut off North Korea economically."
Mnuchin also did not rule out implementing stronger regulations on Chinese companies and financial institutions that regularly interact with North Korea.
"China has a lot of trade with them, there's a lot that we can do to cut them off economically, much more than we've done already," Mnuchin said.
North Korea claimed that Kim Jong Un on Sunday inspected a hydrogen bomb that could eventually be mounted on an intercontinental ballistic missile.
Following news of the test, Trump chided China for refusing to cut economic ties with Noth Korea, and reiterated his hints at using potential military force to eliminate North Korea's weapons.
Follow
Donald J. Trump ✔ @reonaldTrump
North Korea has conducted a major Nuclear Test. Their words and actions continue to be very hostile and dangerous to the United States.....
4:30 AM - Sep 3, 2017
9,934 9,934 Replies 21,352 21,352 Retweets 63,585 63,585 likes
Twitter Ads info and privacy
Follow
Donald J. Trump ✔ @realnaldTrump
..North Korea is a rogue nation which has become a great threat and embarrassment to China, which is trying to help but with little success.
4:39 AM - Sep 3, 2017
9,166 9,166 Replies 17,528 17,528 Retweets 60,605 60,605 likes
Twitter Ads info and privacy
Follow
Donald J. Trump ✔ @reaonaldTrump
South Korea is finding, as I have told them, that their talk of appeasement with North Korea will not work, they only understand one thing!
4:46 AM - Sep 3, 2017
15,427 15,427 Replies 18,455 18,455 Retweets 61,235 61,235 likes
http://www.businessinsider.com/stev...tm_campaign=Feed:+clusterstock+(ClusterStock)
