Senator Calls for Global Trade Embargo on North Korea, Increased Pressure on China
Sen. Cory Gardner, R-Colo., on July 4 called on “every nation of conscience” to discontinue “all finance and trade” with North Korea, except for limited humanitarian purposes, the same day that country’s government successfully launched an intercontinental ballistic missile, according…
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to a statement from Gardner’s office (here). “The United Nations Security Council should immediately endorse such an embargo in a new resolution, and make it binding on all nations,” Gardner said. Gardner is also drafting bipartisan legislation prohibiting any entity engaging in business with North Korea “or its enablers” from using the U.S. financial system. Gardner applauded the Trump administration for announcing sanctions last week on entities aiding North Korea, including a Chinese financial institution (see 1706300022), but added that that should be merely a “first step.” He said China can inflict “serious economic damage” on North Korea to move the nation toward peaceful denuclearization, and suggested a shift in U.S.-China relations if China doesn’t ratchet up its pressure.