in the proximityvideo analyst: President Trump was right to walk away from negotiations with Kim Jong-Un
North Korea was offering a bad deal, it was not mutual, or proportionate, says Young Pak, a senior fellow at the Brookings Institution.
President Trump abruptly announced Friday that he is lifting sanctions against North Korea, imposed immediately after his own Treasury Department.
“It was announced today by the U.S. Department of the Treasury, that further large scale of penalties would be added to the already existing sanctions against North Korea. I have today ordered the withdrawal of these additional sanctions!” Trump tweeted on Friday afternoon.
This was an obvious reference to the sanctions, the Treasury Department had announced on Thursday to the Chinese shipping companies that do business with North Korea. These sanctions are swift pushback prompted by the governments of China and North Korea.
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On the question of the president’s tweet, White House Press Secretary Sarah Sanders said: “President Trump loves to Chairman Kim and he does not believe that these sanctions will be necessary.”
The Treasury Department did not immediately respond to Fox News’ request for comment.
The President of the unusual step comes after his second summit, the Korean leader, Kim Jong-Un, the last month in Hanoi, Vietnam meeting with the North. Trump went to the summit after refusing to consent, to the North, the demands of the lifting of all sanctions.
In what was a movement to ratchet up the pressure on the Finance Ministry had, on Thursday, imposed a lifting of the sanctions against two Chinese companies, “the deceptive methods used by the regime in North Korea, to circumvent international and U.S. sanctions, as well as the U.S. government’s commitment to the implementation of the existing resolutions of the UN security Council.”
“The United States and our like-minded partners continue to be committed to the achievement of the final, complete denuclearization of the North-verified Korea and believe that the full implementation of the North Korea-related resolutions of the UN security Council is crucial for a successful outcome,” said Finance Minister Steven T. Mnuchin said in a statement Thursday. “Treasury continue to enforce our sanctions, and we make it expressly clear that the shipping companies with misleading tactics in order to mask the illegal trade with North Korea put a great deal of danger.”
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On Friday, the Chinese foreign Ministry pushed back on the sanctions, saying that they are “consistently against any country imposing unilateral sanctions, and long-sleeved jurisdiction over Chinese companies, under its own laws.”
“We have a formal complaints with the United States in this matter and urged the US to immediately stop such errors, so that they said had no impact on the cooperation between the two sides on relevant issues,” Chinese foreign Ministry, adding that all Chinese companies and individuals to be investigated, according to China’s laws.
Fox News’ Kellianne Jones, Kristin brown, and David Nath contributed to this report.