President Donald Trump will travel to Asia in November as he tries to curb North Korean aggression and potentially rework trade deals.
The president will go to Japan, South Korea, China, Vietnam and the Philippines, as well as Hawaii, during the Nov. 3 to Nov. 14 trip, the White House said in a statement Friday.
“The president’s engagements will strengthen the international resolve to confront the North Korean threat and ensure the complete, verifiable and irreversible denuclearization of the Korean Peninsula,” the statement said.
The White House said Trump will also “emphasize the importance of fair and reciprocal economic ties with America’s trade partners.”
The president, along with the leaders of Japan, South Korea and China, have looked to apply economic pressure on Pyongyang to get the communist dictatorship to abandon its nuclear and missile programs. The United States this week putnew sanctions on banks and individuals tied to North Korea’s financial system. Those measures follow multilateral sanctions unanimously applied by the United Nations Security Council, including China and Russia.
Trump has repeatedly pushed China, North Korea’s only major ally, to do more to cut off the rogue regime financially. The country’s central bank this month told its banks to more strictly enforce U.N. sanctions, earning praise from Trump.
via CNBC
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Latest posts by Alfonso Esparza (see all)
- Market Rally Still Going Low Holiday Volumes Awaiting Start of 2020 - 27 December 2019
- Market Awaits China Retaliation on Trade - 29 November 2019
- Alibaba to Close Order Book Ahead of Huge IPO - 18 November 2019