Donald Trump 's administration has prepared to level fresh sanctions on Chinese banks and companies 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 North’s KCNA news agency quoted an unidentified foreign ministry spokesman as denouncing U.S. efforts for a new U.N. resolution as a “racket” fabricated by the United States to evade its responsibility for having driven the North to “bolster its nuclear force.” Small Chinese financial institutions and " shell " companies linked to nuclear development are likely to be targeted by the punitive measures , said one unnamed US government insider . 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 companies 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 . Small Chinese financial institutions and " shell " companies linked to nuclear development are likely to be targeted by the punitive measures , said one unnamed US government insider . 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 .