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Trump to ramp up trade pressure on China with call for probe

Trump to ramp up trade pressure on China with call for probe

US President Donald Trump had notified his Chinese counterpart Xi Jinping that the investigations could begin on Monday, Efe news reported.

Iron ore cargoes from North Korea usually sell for about 100 yuan a tonne less than those from top suppliers, Australia and Brazil, a third China-based trader who handles iron ore but is not involved in North Korean business said.

"This action would represent a sharp escalation of pressure on China on two fronts - the China-U.S. bilateral trade relationship, and China's role in managing the volatile situation on the Korean peninsula", said Eswar Prasad, a professor in the Dyson School at Cornell University, and a senior fellow at the Brookings Institution.

In an editorial, the state-owned China Daily newspaper said Trump was asking too much of China over North Korea, also known as the Democratic People's Republic of Korea, or DPRK.

For his part, Trump said that the evolution of the ties between China and the United States is encouraging and will undoubtedly be better in the future.

Previously, U.S. President Donald Trump has repeatedly called on Beijing to exert economic pressure on North Korea as China remains the biggest trade partner of Pyongyang.

That's the clear message from Beijing on Monday as Trump prepares to order a probe into alleged China trade abuses, such as the theft of intellectual property from American firms. "Yet this essential aspect is conspicuously absent in the US's narrative".

In one of his first actions as president, Trump in January formally withdrew the USA from the Trans-Pacific Partnership trade deal.

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The trade investigation could strain relations between the USA and China as the two countries wrestle with the unpredictable situation over North Korea.

Last month, China announced that imports from North Korea fell to $880 million in the six months that ended in June, down 13 percent from a year earlier.

Tensions have escalated between Washington DC and Pyongyang in the past week, with Donald Trump warning Mr Kim that he "will truly regret it" if he attacks the Pacific island of Guam or any other U.S. territory.

The move comes at a time when Trump has demanded China do more to crack down on North Korea's nuclear missile program as he threatens possible military action against Pyongyang.

The six-party talks comprising South Korea, Japan, China, the US, Russia, and North Korea ended in 2009 when North Korea walked out and officially notified the International Atomic Energy Agency that it would resume its nuclear program.

"Get to North Korea, while you still can.It won't be the same if the regime collapses".

The latest United Nations sanctions are meant to block North Korean exports worth one billion dollars (£768 million) - a significant share of total exports valued at three billion dollars (£2.3 billion) previous year.


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