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INTERNATIONAL > U.S.

U.S. informed China of plan to penalize Chinese firms

  • July 21, 2017
  • , Asahi
  • JMH Summary

Asahi claimed in a story from Washington that during the U.S.-China economic dialogue held in the U.S. capital on Tuesday, the U.S. side conveyed its plan to impose financial sanctions on more than a dozen Chinese companies and individuals in connection with their trade with North Korea. A major Chinese company that imports DPRK coal and a labor dispatching agency will be among the entities to be penalized by the end of this month. While the sanctions will be adopted as part of the Trump administration’s efforts to tighten the noose around the Kim regime to rein in its nuclear and missile programs, the Chinese are expected to react sharply. 

 

Meanwhile, all papers reported on the absence of concrete accomplishments in the Sino-U.S. dialogue, noting that the “political honeymoon” between the two superpowers is apparently coming to an end. They projected that bilateral economic friction may be rekindled, as the Trump administration may be tempted to adopt sanctions on Chinese steel imports.  

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