Frustrated that China had not done more to rein in North Korea, the Trump administration was mulling new sanctions in July on small Chinese banks and other firms doing business with Pyongyang, two senior USA officials told Reuters.
During the meeting in April in palm beach, Florida, the Chinese President Xi Jinping had invited Trump to visit China. The two leaders also met on the sidelines of the Group of 20 summit in July.
The sanctions were watered down from what the USA had sought, after negotiations with China.
Japanese public broadcaster NHK cited unnamed diplomatic sources as saying that Mr Trump was also considering visiting Japan and South Korea during his Asian tour in November.
"The February agreement is still valid". We would definitely like to make it happen sometime within this year. "But no specific timing has been fixed yet", a Japanese Foreign Ministry official said.
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"The Bank of Dandong acts as a conduit for North Korea to access the US and worldwide financial systems, including by facilitating millions of dollars of transactions for companies involved in North Korea's WMD and ballistic missile programs", US Treasury said, announcing that Americans would not be allowed to do business with small Bank of Dandong.
Tuesday's hearing comes a day after the U.N. Security Council imposed its latest sanctions over what North Korea says was a hydrogen bomb test.
The far-right architect of Donald Trump 2016 election victory, Bannon told an investor conference, organized by a unit of China's largest brokerage, that Trump and Xi had a rapport that should enable them to work out differences, said an attendee at the meeting which was closed to the press. The council banned North Korean textile exports and capped its imports of crude oil. China Construction Bank (CCB) has "completely prohibited business with North Korea", said a bank teller at a branch in the northeastern province of Liaoning.
Pyongyang does not appear to respond to pressure and while it must stop its provocations, which endanger regional peace and security, the USA and its key supporters must find another way of communicating with the defiant North Korean leader than by increased sanctions that only harm the innocent population, making it more supportive of the ruling regime.