Page 11 - Doing Trade News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> 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 they're threatening us in making the world more dangerous. while there bobby missiles over japan and threate...

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 north's 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 pyongyang's economy and economic allies might work, strategy aimed at the north's principal trading pa...

>> 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 they're threatening us in making the world more dangerous. while there bobby missiles over japan and threate...

>> 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 our allies and others to cut off north korea economically.>> chris: as early as a secretary but first ...

>> 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 they're threatening us in making the world more dangerous. while there bobby missiles over japan and threate...