Supply & Demand

US-China tensions simmer as North Korean sanctions bite

Tensions between the US and China are being stoked further as the two clash over how to respond to North Korea’s nuclear threats Tensions between the US and China are being stoked further as the two clash over how to respond to North Korea’s nuclear threats.
By Peter Stewart 21 September 2017 0 27661
An increasingly bellicose Kim Jong-un ramps up the frequency of North Korea's nuclear tests as tensions simmer between the US and China

United States president Donald Trump told the United Nations in a prepared speech on 19 September that he was ready to “totally destroy” North Korea if the US were forced to defend itself or its allies against a nuclear threat.

China’s response to Trump’s rhetoric is crucial. Beijing is one of Pyongyang’s few allies, no matter how ambivalent. China has imposed a partial ban on selling crude oil and oil products to North Korea, having earlier banned imports of iron and coal.

This will put fresh pressure...