Not exact matches
In an interview about the
trade sanctions that President Trump is throwing at China and at Corporate America - whose supply chains go
through China in search of cheap labor and other cost savings - Ambassador Cui Tiankai defended the perennial innocence of China, as is to be expected, and trotted out the standard Chinese fig leafs and state - scripted rhetoric that confirmed in essence that Trump's decision is on the right track.
The United States on Tuesday imposed
sanctions against 13 Chinese and North Korean organizations Washington accused of helping evade nuclear restrictions against Pyongyang and supporting the country
through trade of commodities like coal.
Unlike other provisions of the official agreement, the currency provision is not enforceable
through panels that typically settle disputes, or
through officially
sanctioned retaliation, the usual method for policing
trade deals.
The executives» corner - cutting on compliance adds to the embarrassment and regulatory headaches for Zurich - based Credit Suisse, which has had to pay billions of dollars of fines to U.S. authorities in recent years over a wide range of allegations, including mis - selling of mortgage - backed securities, deficiencies in its anti-money-laundering program, front - running clients on foreign - exchange
trades and violating U.S.
sanctions by secretly funneling money from Iran
through American banks.
Compelling China to change course with respect to these kinds of market access barriers is long overdue, but U.S. missteps (such as imposing restrictions unilaterally
through channels not
sanctioned by the World
Trade Organization) could initiate a much larger and more deleterious sequence of protectionist measures.
In this context, China will be compelled to initially respond
through sanctions of its own and to also accelerate the negotiation of exclusionary
trade agreements with third countries, in the same way that Canada struck a preferred deal with the U.K. in response to the protectionist U.S. Smoot - Hawley Tariff Act of 1930.
While the Iranian option was most favorable to India, heavy Western
sanctions have made businesses weary of
trading through this route.
Meanwhile a bonfire of EU
trade sanctions would create employment
through increased
trade with non-EU nations.
UN Security Council Resolution 1857, passed on 22 December, extends targeted
sanctions to «individuals or entities supporting the illegal armed groups in the eastern part of the Democratic Republic of the Congo
through illicit
trade of natural resources».
Crimes that would be punished with monetary
sanctions or imprisonment for a period not longer — based on the particulars of the case and a one - third reduction — than five years (insider
trading and market manipulation would generally be covered) can be settled during the investigations
through a plea bargain.