Donald Trump's administration has prepared to level fresh sanctions on Chinese banks and firms that have continued to do business with North Korea in the wake of its latest intercontinental ballistic missile test, according to senior US officials cited by Reuters. During a U.N. Security Council meeting last week, Haley threatened secondary sanctions if the council could not agree on new sanctions – though she did not cite China by name. The new sanctions, which are expected to be announced as early as Monday, will target China's largest bank, Bank of Dandong, a source familiar with the matter told Reuters on condition of anonymity. The Trump administration has grown uneasy with China's links to North Korea, especially after it launched a missile capable of reaching Alaska last week.
Donald Trump's administration has prepared to level fresh sanctions on Chinese banks and firms that have continued to do business with North Korea in the wake of its latest intercontinental ballistic missile test, according to senior US officials cited by Reuters. The new sanctions, which are expected to be announced as early as Monday, will target China's largest bank, Bank of Dandong, a source familiar with the matter told Reuters on condition of anonymity. The Trump administration has grown uneasy with China's links to North Korea, especially after it launched a missile capable of reaching Alaska last week.