Trump Praised: Chinese Banks Make Critical Move Against North Korea
North Korea just received the devastating news. Chinese banks will no longer do business with them.
Trump’s strategy of choking off funding to the rogue nation charts a new course.
The new UN sanctions are very strict. Chinese banks will now halt financial services and loans to new and existing North Korean customers.
…they do NOTHING for us with North Korea, just talk. We will no longer allow this to continue. China could easily solve this problem!
— Donald J. Trump (@realDonaldTrump) July 29, 2017
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And the Left tried to ridicule President Trump’s UN speech, where he chastised the world. Well, he chastised those who support Kim Jon Un and such a cruel dictatorship.
It was apparent that President Trump’s UN speech was directed mostly at China and its lack of involvement in stopping North Korea’s aggression.
The move comes after repeated calls from the Trump administration for China to help cut the flow of money to Kim Jong Un’s dictatorship in an effort to cripple the regime’s missile and nuclear programs. China and Russia agreed to the recent UN sanctions against North Korea, which included a ban on natural gas liquids and condensates. But Trump has explicitly called out China on Twitter, writing he’s “very disappointed” in the country and accusing them of “doing NOTHING for us with North Korea.”
China, North Korea’s closest ally, has urged a diplomatic solution to solve the current crisis. “War Stories” host Lt. Col. Oliver North told Fox News on Monday, however, he believes China will only truly try to tame its volatile neighbor if it believes Trump could take military action.
South Korea Undermines Efforts
While Donald Trump responds to the threat that North Korea poses, South Korea just approved $8 million in “humanitarian aid” for Kim Jon Un. This move sends mixed signals to international leaders. In fact, lawmaker Son Kim-ju called the funding “badly timed.”
As Fox News continues:
“The international community is strengthening sanctions and pressure against North Korea and even [President Moon Jae-in] is in the United States to strengthen international coordination against the North Korean problem,” Son said. “If our government contradicts itself and beats to a different beat, it won’t be able to gain the approval of its own people, let alone other countries.”
As Trump pointed out in his UN speech, Kim Jong In is a Rocket Man on a suicide mission. He’s out to destroy his own regime.
North Korea’s reckless pursuit of nuclear weapons and ballistic missiles threatens the entire world with unthinkable loss of human life,” Trump said Tuesday
Trump’s speech insinuated the inevitability of war. However, his use of other tactics such as UN sanctions proves he is committed to a peaceful solution first.
President Trump signed an executive order Thursday targeting North Korea’s trading partners, calling it a “powerful” new tool aimed at isolating and denuclearizing the regime.
Basically foreign banks will have to make a choice. They can either do business with the Unites States, or they can do business with the rogue regime. And companies have the power to turn away anyone funding North Korea.
Clearly, North Korea isn’t the only place where Trump is making a huge difference. Trump also met with the President of Afghanistan, Ashran Ghani. Ghani praised Trump, saying the difference Trump made in their war efforts is night and day.
According to Ghani:
Not only has the cloud of uncertainty been lifted, but equally important is [Trump’s] commitment to a political solution at the end of this process.
President Trump was clear at the UN. However, he always maintains that “cloud of uncertainty,” as that is his hallmark. It’s part of the art of the deal. Let’s see how things play out going forward.
For now, however, the win with China is a good sign.