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03 August 2017, 01:10 | Marta Robbins
Washington mulling on financial penalties on Beijing as it says 'time for talks with N. Korea is over'
Sen. Joe Manchin (R-WV) says China needs to step up in helping to stop North Korea's nuclear program.
While the US should remain open to foreign investment, the security threat posed by China's continued trade arrangements with North Korea justifies suspending approval of all CFIUS covered transactions where Chinese entities could gain a controlling interest.
Xinhua's editorial is a direct response to Trump's tweets targeting China over the weekend.
"We think the North Korea nuclear issue and China-US trade are issues that are in two completely different domains".
"It is my assessment that China will not deter North Korea unless the United States exacts greater economic pressure on China", Schumer wrote to Trump, a Republican. China is North Korea's closest ally, but Beijing is angry with its continued nuclear and missile tests.
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.
North Korea's unrelenting pursuit of its missile and nuclear programmes poses a thorny policy challenge for Trump, who is at loggerheads with Beijing over how to handle Kim's regime. It marked the second ICBM launch in 24 days and the kind of technical achievement that US presidents said the country could not tolerate. There is no getting away from the fact that China can and should do more to pressure the North to curb its nuclear program.
Chinese Vice Commerce Minister Qian Keming, weighed in too, telling a news conference there was no link between the North Korea issue and China-U.S. trade.
While this has anxious the USA for some time, especially as they move to solid fueled missiles, the official said the North Koreans continue to make advances in their ability to hide their actions from the US.
Are the North Koreans even interested in talks?
Schumer's request comes amid increasing USA concerns about the threat of North Korea's nuclear and missile programs.
Suggestions that the United States could force a regime change in North Korea have also only further inflamed tensions. USA experts who study the issue say there have been repeated signals in recent weeks that they are.
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