In a shocking statement, Donald Trump has issued a warning that United States Of America may end all types of trade with countries which are doing businesses with North Korea. Yesterday, Donald Trump tweeted: “The United States is considering, in addition to other options, stopping all trade with any country doing business with North Korea.”
The United States is considering, in addition to other options, stopping all trade with any country doing business with North Korea.
— Donald J. Trump (@realDonaldTrump) September 3, 2017
North Korea Biggest Nuclear Test To Date
Just after a few days when North Korea fired a missile over Japan, the Pyongyang tested an advanced hydrogen bomb for the very first time. Everyone is surprised at how quickly North Korea has accelerated its nuclear weapons program.
Source: ABC News The US Should Cut Off North Korea Economically
US Treasury Secretary Steve Mnuchin has also strongly criticised the countries which are in any kind of trade with Pyongyang. He told Fox News:
“If countries want to do business with the United States, they obviously will be working with our allies and others to cut off North Korea economically.”
Countries That Do Trade With North Korea
India, Pakistan, China, Saudi Arabia, France, Chile, Brazil and Mexico are the countries that do trade with North Korea.
Trump Specially Targetted China
According to the trade reports, China is responsible for more than 80 per cent of North Korean exports and imports. In July, Trump wrote: “Trade between China and North Korea grew almost 40% in the first quarter. So much for China working with us – but we had to give it a try!”
Could Lead To Global Recession
If the collapse happens, it could lead to global recession. Last year, the trade between China and USA totalled around $US578.6 billion ($726 billion). And the country which will be most affected by this trade war is Australia as US and China are their biggest trade partners.
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