North Korea Threatens to 'Sink' Japan

Donald Trump and Iran the one thing to know

Asked what specifically the USA should do, Cui said "they should refrain from issuing more threats" and "do more to find an effective way to resume dialogue and negotiation". "They can not just leave the issue to China alone, and honestly I think the United States should be doing more, much more than now, so that there is real effective worldwide cooperation on this issue, Cui said". The launch is the second to flyover Japan in less than a month, and the first since North Korea's sixth nuclear test and new United Nations sanctions on the country.

The outlandish threats look created to pull Japan into on-going tensions that have focused on the USA and China up until now. Sources have said Chinese companies shipping oil to the North will also probably be targeted by future United States sanctions.

The US, which runs a $350 billion annual trade deficit with China, has been reluctant to impose economic sanctions on China over concerns of possible retaliatory measures and the potentially catastrophic consequences for the global economy.

China strongly denounced North Korea's latest test of a ballistic missile on Friday, calling it a violation of UN Security Council resolutions.

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The marketplace is so far showing a very muted reaction to the news North Korea has fired another ballistic missile over Japan. It turns out that Seoul had launched two Hunmoo-2 missiles in response to the DPRK's test.

On August 22, the U.S. government unilaterally sanctioned Russian firms engaged in crude oil trade with North Korea, freezing their assets among other measures. It also banned North Korea's textile exports (the second-biggest export for the country) which totals over $750 million each year, according to data from the Korea Trade-Investment Promotion Agency.

The sanctions would be part of United States efforts to urge China to pressure the North, which continues its nuclear and missile development.

"We have lived under USA sanctions for decades". But we have acquired everything we wanted to.

"If someone were to pressure China or impose sanctions on China over the DPRK, it would not be supported by many USA citizens", the Chinese diplomat added, referring to North Korea by the acronym for its official name, Democratic People's Republic of Korea.

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