The value of the porcelain sets vastly exceeds that limit, according to estimates published by the Hong Kong-based Apple Daily news outlet and quoted in English in the conservative South Korean publication Chosun Ilbo. Apple Daily estimated the total value of the gifts to be 2.47 million yuan (nearly $400,000), with the tableware porcelain set worth around 20,000 yuan ($3,100). … [Read more...] about China Gave North Korea Luxury Gifts and Booze Banned Under Sanctions
Talk about sanctions
In 2017, China agreed to ban a variety of North Korean exports — coal, iron ore, marine products, and goods from the country’s emergent textile and garment industry. These sectors account for almost half of North Korea’s known exports. … [Read more...] about Those North Korea sanctions might be working. Here’s why.
That’s why, as part of its general resistance to sanctions against North Korea’s civilian industries, Moscow helped North Korea evade oil-related sanctions. In early 2017, Russia opposed the United States’ proposed oil embargo against North Korea, and at the United Nations, successfully worked with China to change these to more moderate oil industry sanctions. When the United States successfully lobbied for further restrictions on North Korea’s access to foreign oil in a December U.N. resolution, Moscow ensured that North Korea would not be isolated from global energy markets by shipping enough oil to Pyongyang to reduce petroleum prices in North Korea by 60 percent. … [Read more...] about Why Russia is openly violating sanctions against North Korea
— House race in Boeing country turns on trade. NYT's Natalie Kitroeff: "A congressional race here [in Auburn, Washington] has become a crucial test of whether Mr. Trump’s upending of the norms of international trade will come at the expense of Republican candidates. The spat with Beijing has rattled the state’s juggernaut aerospace industry, as workers and business owners reckon with the possibility that their livelihood could be at risk... [Kim] Schrier, a pediatrician and first-time candidate, has been hammering Dino Rossi, the likely Republican nominee, on the tariff issue. 'These tariffs are a direct response to the policies of a president you helped elect. Don’t you have anything to say?' she tweeted to Mr. Rossi last month." … [Read more...] about The Finance 202: Beijing trade talks conclude with no progress. Get ready for a long slog.
Pompeo’s meeting with North Korean officials has since concluded, and at press time, the Associated Press reports that Pompeo has landed in Japan. He is reportedly accompanied by three American citizens – Kim Dong-chul, Tony Kim, and Kim Hak-song – detained while in North Korea. The latter two were working as professors in the Pyongyang University of Science and Technology (PUST), a Christian university open only to the highest-caste members of North Korean society. President Trump announced on Twitter Wednesday morning that the four would arrive in the United States around 2 a.m. local time in Washington, DC, and that Trump would greet them when they landed. … [Read more...] about Mike Pompeo in North Korea: ‘We’re Not Going to Relieve Sanctions’