Update: US Withdrawing Earlier NKorea-Related Sanctions

Update: US Withdrawing Earlier NKorea-Related Sanctions

President Trump Friday did not yet reverse NKorea-related sanctions on 2 Chinese shipping companies, a Trump Administration source familiar with the matter said.

The source was responding to queries about a tweet sent by Trump earlier in the day that said he had ordered the withdrawal of sanctions announced by the Treasury Department, a statement that seemed to refer to an announcement made Thursday of measures against shipping companies accused of helping NKorea evade sanctions over its nuclear weapons program.

The Tweet was meant to refer to a decision to not go forward with additional large-scale sanctions on NKorea at this time.

Friday, President Trump said he was ordering the withdrawal of recently announced NKorea-related sanctions imposed by the US Treasury Department.

“It was announced today by the US Treasury that additional large-scale Sanctions would be added to those already existing Sanctions on North Korea,” President Trump said on Twitter. “I have today ordered the withdrawal of those additional Sanctions!”

It was not immediately clear what sanctions President Trump was referring to.

Thursday the United States blacklisted 2 Chinese shipping companies that it said helped NKorea evade sanctions over its nuclear weapons program.

White House spokeswoman Sarah Sanders did not specify which sanctions President Trump spoke of but said: “President Trump likes Chairman Kim and he does not think these sanctions will be necessary.”

The sanctions on the Chinese shippers were the first since the 2nd US-NKorea Summit ended last month. Hours after the sanctions announcement, NKorea on Friday pulled out of a liaison office with the South.

NKorea said it was quitting the joint liaison office set up in September in the border city of Kaesong after a historic Summit between leader Kim Jong Un and SKorea’s President Moon Jae-in early last year.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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