U.S. considers new sanctions on Chinese banks to address North Korea threat

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Since the July 4 ballistic missile test, U.S. Ambassador to the UN Nikki Haley has been pushing for fresh measures that may include further curbs on China's trade with North Korea.

North Korea's weapons will soon become more lethal, accurate and able to travel longer distances, according to a us military intelligence report released Thursday.

North Korea's multiple missile tests in recent months, culminating with its first-ever successful launch last week of an intercontinental ballistic missile capable of reaching Alaska, has alarmed the worldwide community and presented Trump's first major foreign policy test.

"Something has to be done", this is the response of U.S. President Donald Trump as he met with Chinese President Xi Jinping days after the North Korean missile test took place.

It is also possible that the United States will introduce strengthened unilateral sanctions on North Korea as it becomes clear that China and Russian Federation will veto further UNSC sanctions.

The bill is meant "to stop North Korea and prevent nuclear war", he said, pointing to recent news reports on an increase in China's trade with its wayward, isolated neighbor despite the UNSC sanctions. "So much for China working with us - but we had to give it a try!" China imported about 445 million metric tons of iron ore in the first five months of 2017, according to Bloomberg Intelligence, of which just 1.1 million metric tons came from North Korea.

With North Korea in the headlines recently as it continues to develop its nuclear weapon program, Rubio teamed up with U.S. Sens.

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The error attributable to sampling that would be expected at the 95 percent level of confidence is at +/- 2.3 percentage points. However, once we stop respecting those who search for truth, we enter some scary times.

The Trump administration is weighing news sanctions on small Chinese banks and shell corporations linked to North Korea, Reuters reported Thursday.

Experts at 38 North estimated in April that North Korea could have as many as 20 nuclear bombs and could produce one more each month.

For the Chinese government, purchases of iron ore provide a way to support the regime of Kim Jong Un now that sanctions more strictly cover North Korean coal.

The text calls for kicking out from the USA banking system the businesses and financial institutions involved in a significant amount of trade in goods and services with the communist state, barring all North Korean-made products from entering the U.S. market, and sanctioning all firms engaged in labor exports. However in February China said it would halt purchases until the end of the year, in compliance with Security Council resolutions over the North's nuclear program.

At the same time, iron ore imports have surged between January and May to $74.4 million compared to $24 million over the same period previous year.

Reflecting growing concern about North Korea on Capitol Hill, two members of the US Senate Banking Committee, Sen.

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