To punish North Korea, U.S. weighs sanctions on Chinese companies

This May 14, 2017, photo distributed by the North Korean government shows the Hwasong 12, a new type of ballistic missile, as it is launched from an undisclosed location in North Korea. Many analysts believe the missile could be a stepping stone to the ICBM North Korea needs to attack the U.S. mainland. Independent journalists were not given access to cover the event depicted in this photo. (Korean Central News Agency/Korea News Service via AP)

WASHINGTON, D.C. (AP) — Having lost patience with China, the Trump administration is studying new steps to starve North Korea of cash for its nuclear program.

The options include one that would infuriate Beijing — sanctions on Chinese companies that help keep the North’s economy afloat.

It’s an approach that’s paid off for the U.S. in the past, including with Iran. So-called secondary sanctions upped the economic pressure on Tehran and helped drive it to the nuclear negotiating table.

There are significant risks, too, however. They include opening a new rift with Beijing that could complicate other U.S. diplomatic efforts.

Washington already has sanctions on North Korean companies and people accused of illicit dealings with the North. Secondary sanctions would target banks and companies that do legitimate business with North Korea.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s