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Top Senate Democrat urges Trump to block China deals over North Korea [View all]
Source: Reuters
#POLITICS
AUGUST 1, 2017 / 9:21 AM / 38 MINUTES AGO
Top Senate Democrat urges Trump to block China deals over North Korea
WASHINGTON (Reuters) - The top Democrat in the Senate on Tuesday called on President Donald Trump to block Chinese investments in the United States in an effort to pressure China "to help rein in North Korea’s threatening and destabilizing behavior."
In a letter to Trump, U.S. Senate Democratic leader Chuck Schumer called on the president to use his authority through the Committee on Foreign Investment in the United States, or CFIUS, to exert such economic pressure on Beijing.
Schumer called on Trump to use the inter-agency committee "to suspend the approval of all mergers and acquisitions in the U.S. by Chinese entities."
"It is my assessment that China will not deter North Korea unless the United States exacts greater economic pressure on China," Schumer wrote to Trump, a Republican. "The U.S. must send a clear message to China’s government."
-snip-
AUGUST 1, 2017 / 9:21 AM / 38 MINUTES AGO
Top Senate Democrat urges Trump to block China deals over North Korea
WASHINGTON (Reuters) - The top Democrat in the Senate on Tuesday called on President Donald Trump to block Chinese investments in the United States in an effort to pressure China "to help rein in North Korea’s threatening and destabilizing behavior."
In a letter to Trump, U.S. Senate Democratic leader Chuck Schumer called on the president to use his authority through the Committee on Foreign Investment in the United States, or CFIUS, to exert such economic pressure on Beijing.
Schumer called on Trump to use the inter-agency committee "to suspend the approval of all mergers and acquisitions in the U.S. by Chinese entities."
"It is my assessment that China will not deter North Korea unless the United States exacts greater economic pressure on China," Schumer wrote to Trump, a Republican. "The U.S. must send a clear message to China’s government."
-snip-
Read more: http://www.reuters.com/article/us-northkorea-missiles-usa-china-idUSKBN1AH4EL?il=0
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