September 06, 2017
Experts warn of danger to U.S. companies if Trump follows through on China threats
Source: Sinclair Broadcast Group
Journalist: Stephen Loiacani
As the gulf between the U.S. and North Korea over Kim Jong Un’s nuclear weapons program grows, one of the few things that the two countries continue to have in common is that their biggest trading partner is China, a fact that complicates the Trump administration’s efforts to employ economic pressure in the standoff.
hChina is believed to account for about 90 percent of North Korea’s international trade, while its trade relationship with the U.S. is worth nearly $650 billion. Many major U.S. companies manufacture products in China, including ubiquitous and essential technologies like the iPhone, or work with Chinese suppliers and financiers.
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