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US threatens to ‘cut China off’ from dollar if it does not uphold sanctions against N. Korea

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 Cinnamon    24,597

Well, this is a switch... usually if countries want to stop using the dollar, they get turned into rubble. 


The US could impose economic sanctions on China if it does not implement the new sanctions regime against North Korea, the US Treasury Secretary has warned. Steven Mnuchin said the restrictions could involve cutting off Beijing’s access to the US financial system.

“North Korea economic warfare works,” Mnuchin said Tuesday at the Delivering Alpha Conference in New York City. “We sent a message that anybody who wanted to trade with North Korea – we would consider them not trading with us.”



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