March 02, 2018

Trump administration weighed sanctions against major Chinese banks tied to North Koreas

Featuring Peter Harrell

Source: Washington Post

Journalist Peter Whoriskey

When President Trump announced new sanctions against North Korea last week, he called them the “strongest . . . we have ever put on a country.” Treasury Secretary Steven Mnuchin called them “the largest set of sanctions ever imposed” on North Korea.

But the new measures were incremental, not radical, and the United States again refrained from imposing more drastic sanctions, according to lawmakers and former government officials.

For months, the Trump administration had considered cutting off North Korea’s access to world banking by cracking down on Chinese banks believed to have enabled the regime to conduct international transactions.

Read the full article in The Washington Post.

  • Peter Harrell

    Adjunct Senior Fellow, Energy, Economics and Security Program

    Peter Harrell is an adjunct senior fellow at the Center for a New American Security, where he focuses on the intersection of economics and national security. Research interest...