Tuesday, April 11, 2017

Trump's economic diplomacy...China refuses a dozen cargo ships of North Korea coal.

Economic Diplomacy – China Refuses a Dozen Cargo Ships of North Korean Coal…

During the February 2016 GOP primary debate candidate Trump told the world what he would do in response to continued North Korean missile aggression –SEE HERE–  In January of 2017 President Trump repeated the message –SEE HERE
On April 6th and 7th, last week, President Trump and Chinese President Xi Jinping held a two day summit discussing trade and North Korea.   The United States and China are the two largest economies in the world.  Now see this:
A fleet of North Korean cargo ships is heading home to the port of Nampo, the majority of it fully laden, after China ordered its trading companies to return coal from the isolated country, shipping data shows.
[…]  To curb coal traffic between the two countries, China’s customs department issued an official order on April 7 telling trading companies to return their North Korean coal cargoes, said three trading sources with direct knowledge of the order.
[…]  Shipping data on Thomson Reuters Eikon, a financial information and analytics platform, shows a dozen cargo ships on their way to North Korea’s main west coast port of Nampo, almost all carrying cargoes from China.  (read more)

[…] To make up for the shortfall from North Korea, China has ramped up imports from the United States in an unexpected boon for U.S. President Donald Trump, who has declared he wants to revive his country’s struggling coal sector.
Eikon data shows no U.S. coking coal was exported to China between late 2014 and 2016, but shipments soared to over 400,000 tonnes by late February.
This trend was exacerbated after cyclone Debbie knocked out supplies from the world’s top coking coal region in Australia’s state of Queensland, forcing Chinese steel makers to buy even more U.S. cargoes.  (read more)

“Complicated business folks,… Complicated business”…

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