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US threatens to ‘cut China off’ from dollar if it does not uphold sanctions against N. Korea

September 13th, 2017
Categories: Past News

Link: https://www.rt.com/usa/403118-usa-china-sanctions-north-korea/

The US could impose economic sanctions on China if it does not implement the new sanctions regime against North Korea, the US Treasury Secretary has warned. Steven Mnuchin said the restrictions could involve cutting off Beijing’s access to the US financial system.

“North Korea economic warfare works,” Mnuchin said Tuesday at the Delivering Alpha Conference in New York City. “We sent a message that anybody who wanted to trade with North Korea – we would consider them not trading with us; if China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the US and international dollar system.”

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