Page 7 - Doing Trade News Today

Russia and china signed on to last months sanctions and while both governments condemned north koreas luke nuclear test, neither government allows willing to have additional sections. if so they can pressure north korea with sanctions outside appearing earlier this morning treasury secretary into to the u.s. is considering that option. >> im going to draft a sanctions practiced package to send to the president for strong consideration. anybody wants to do trade or business with them would be pre...

Congress to deny kim jong-un and the cash needed. what can congress do? you have a lot on your plate. what could get done? >> i think we would pass additional sanctions if the president asked us. but he already has the authority to turn to china and say either you do business with north korea or the united states, but not both. that would mean were going to eyeball to eyeball with beijing. he would have to be able to unite the american people, something he hasnt been able to do. the best way to ...

Inexplicably. there was another threat the president made say he is considering stopping all trade with any country doing business with north korea. that was talking about china who is north koreas biggest trading partner and ours too. $650 billion of trade with china in the year. that seems to be pretty unrealistic. there is room for more sanctions but stopping all trade with china? >> china has been a huge proble problem. >> absolutely. >> 90% of north koreas trade is with china. they do these...

Trim package to send to the present first on consideration. anybody who wants to do traitor business with them would be prevented from doing trade or business with us. will work with our allies, with china, the people need to cut off north korea economically. this is unacceptable behavior. >> looks like itll be the united nations security council and nikki haley has called for an emergency meeting for 10:00 oclock tomorrow morning. >> molly: youre a truly remarkable day. as john mentioned, un am...

Administration is actually going to respond to this administration. >> seema, to you now, the president tweeted this morning the united states is considering in addition to other options stopping all trade with any country doing business with north korea. of course, that means china. thats not going anywhere, is it? >> no, of course not. the united states and china, i think we do hundreds of billions in trade every year. if we were to cut off trade with china, our economy would be in turmoil, th...

Welcome back. im alex witt at msnbc headquarters in new york. the breaking news following north koreas nuclear weapons test. the president is set to meet with his generals at the white house to discuss the norths action. nbc news con firming the north has tested an advanced nuclear device. sources tell nbc news what they have seen so far is consistent with north koreas claims. the north said it was a hydrogen bomb which can be mounted on to an intercontinental ballistic missile. president trump ...

About a change in u.s. policy and us changing our goals and shifting a situation where were deterring the north koreans. >> north korea and china is its biggest trade partner so it has to have some effect on their decisions. >> well, you know, i dont think so. i mean, i think what weve seen is the north koreans dont trust the chinese. at the end of the day the north koreans feel like being dependent on the chinese means they get ordered around and weve seen the north koreans take a number of ste...

Listening. the response from the president will seek a much clearer leaves a lot to interpret. we should point out the president answers a lot of questions by saying well see. sometimes things happen and sometimes they dont. the president is looking at harsh penalties for patrons in the last hour the united states is considering that in addition to other options stopping all trade with any country doing business with north korea. ox news sunday this morning, the secretary of the treasury steve m...

Options, stopping all trade with any country doing business with north korea. so how effective do you think this strategy is? >> i think youd be better off holding his breath until the chinese come to his rescue. theres no chance that thats going to work. the north koreans are committed to having nuclear weapons and i dont think theres anything that will talk them out of this. this is just basically the equivalent of throwing a temperaturer tantrum and hoping someone else will fix the problem. >...

Wants to do trade or business with them would be prevented from doing trade or business with us. >> so north koreas most important business partner is china, so file that away for a second. then later in the day you had the president asked whether he planned to attack north korea come out with a statement that said well see, not taking it off the table. that statement clearly aimed at the north koreans themselves, making it clear the president hasnt ruled out military force. then you pick up wit...