Page 6 - Doing Trade News Today

>> digging on the financial aspect of this, steve mnuchin was here and he talked about drafting a sanctions package. the president tweeted saying the united states is considering stopping all trade with any country doing business with north korea. that puts china in the crosshairs of that strategy. is that realistic? >> it you start with the companies and the banks and make it clear to china that we cannot to business as usual while north korea, 90% of its economy depends on china while theyre t...

Military response, a response that will be overwhelming. >> since 2006, north korea has defied more than half a dozen security council condemnations over its nuclear and missile development which its leader has called a just response to military threats by the u.s. and south korea. the norths latest provocation and sixth nuclear test drew a sharp response from the president recalled it very hostile and dangerous. with sanctions ineffective, the thinking inside the white house is that hitting pyo...

>> digging on the financial aspect of this, steve mnuchin was here and he talked about drafting a sanctions package. the president tweeted saying the united states is considering stopping all trade with any country doing business with north korea. that puts china in the crosshairs of that strategy. is that realistic? >> it you start with the companies and the banks and make it clear to china that we cannot to business as usual while north korea, 90% of its economy depends on china while theyre t...

>> chris: does that mean when you talk about a new trade sanction package that will be much tougher than we have been so far? on chinese financial institutions, chinese companies? >> we are going to strongly consider everything at this point. and again, i will draft a package for his strong consideration that would go as far as cutting off all trade or other business. this behavior is unacceptable and if countries want to do business with the united states, they obviously will be working with ou...

>> digging on the financial aspect of this, steve mnuchin was here and he talked about drafting a sanctions package. the president tweeted saying the united states is considering stopping all trade with any country doing business with north korea. that puts china in the crosshairs of that strategy. is that realistic? >> it you start with the companies and the banks and make it clear to china that we cannot to business as usual while north korea, 90% of its economy depends on china while theyre t...

Them to continue on the way they are. thats why the secondary sanctions are important. both countries benefit financially from their trade with north korea, china in particular. its understandable they dont want these sanctions but thats precisely why it might be the best avenue. >> mike: treasury secretary steven mnuchin, they did talk about more sanctions. lets take a listen. >> im going to draft a sanctions package sent to the president. anybody wants to do trade or business would be prevente...

>> chris: does that mean when you talk about a new trade sanction package that will be much tougher than we have been so far? on chinese financial institutions, chinese companies? >> we are going to strongly consider everything at this point. and again, i will draft a package for his strong consideration that would go as far as cutting off all trade or other business. this behavior is unacceptable and if countries want to do business with the united states, they obviously will be working with ou...

For the white house, thank you for that. joining me now treasury secretary steve mnunchin who is a member of the national security council. mr. secretary, i know you have spoken with the president this morning. what is his reaction to the news that north korea has tested another bomb? they say, a hydrogen bomb but certainly its most powerful explosive in 10 or 12 years of testing. >> good morning. i did speak with the president and it is clear that this behavior is completely unacceptable. we ha...

Profits. was likely as will protect american politicians by sounding tough and not doing much. >> what about the international community. you and nikki haley has called this slated for tomorrow morning, is that the way to get something done and something accomplishment comes to north korea? >> its a way to symbolically tell the north koreans they dont have support anywhere in the world as long as the sanctions were modest you could probably get china and russia to support them. but, if are going...

For the white house, thank you for that. joining me now treasury secretary steve mnunchin who is a member of the national security council. mr. secretary, i know you have spoken with the president this morning. what is his reaction to the news that north korea has tested another bomb? they say, a hydrogen bomb but certainly its most powerful explosive in 10 or 12 years of testing. >> good morning. i did speak with the president and it is clear that this behavior is completely unacceptable. we ha...