U.S. Treasury Secretary Steven Mnuchin said on Tuesday that if China doesn’t follow the United Nations sanctions approved on North Korea, he will seek new financial sanctions on Beijing to cut off access to the U.S. financial system.
Mnuchin told a conference broadcast on CNBC that China agreed to “historic” sanctions on North Korea on Monday in a UN Security Council vote.
“If China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the U.S. and international dollar system, and that’s quite meaningful,” Mnuchin said.
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Dean Popplewell
He has a deep understanding of market fundamentals and the impact of global events on capital markets.
He is respected among professional traders for his skilled analysis and career history as global head
of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean
has played an instrumental role in driving awareness of the forex market as an emerging asset class
for retail investors, as well as providing expert counsel to a number of internal teams on how to best
serve clients and industry stakeholders.
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