US Pres Trump puts pressure on China to cut off oil exports to Pyongyang - FT

Dhwani Mehta FXStreet

The Financial Times (FT) reports that the Trump administration is exerting pressure on China to cut off oil exports to North Korea, stepping up efforts to convince the North’s leader Kim Jong Un to abandon his nuclear and ballistic missile programmes.

Rex Tillerson, US secretary of state, and HR McMaster, a national security adviser, said the Trump administration wanted China to go beyond existing UN sanctions by cutting off supplies of crude oil to North Korea.

Tillerson noted: “The president would like to see China cut the oil off. The last time the North Koreans came to the table, it was because China cut the oil off. Three days later the North Koreans were at the table talking.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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