September 06, 2017

Experts warn of danger to U.S. companies if Trump follows through on China threats

Source: Sinclair Broadcast Group

Journalist: Stephen Loiacani

As the gulf between the U.S. and North Korea over Kim Jong Un’s nuclear weapons program grows, one of the few things that the two countries continue to have in common is that their biggest trading partner is China, a fact that complicates the Trump administration’s efforts to employ economic pressure in the standoff.

hChina is believed to account for about 90 percent of North Korea’s international trade, while its trade relationship with the U.S. is worth nearly $650 billion. Many major U.S. companies manufacture products in China, including ubiquitous and essential technologies like the iPhone, or work with Chinese suppliers and financiers.

Read the full article here.

Author

  • Peter Harrell

    Former Adjunct Senior Fellow, Energy, Economics and Security Program

    Peter Harrell is a former adjunct senior fellow at the Center for a New American Security. He is a leading expert on U.S. economic statecraft, including sanctions, export cont...