Top U.S Senate Democrat Chuck Schumer on Tuesday called on U.S. President Donald Trump to block Chinese investments in the United States in order to pressure China “to help rein in North Korea’s threatening and destabilizing behavior “, Reuters reports.
In a letter to Trump, Schumer called on the president to use his authority via the Committee on Foreign Investment in the United States, or CFIUS, to exert such economic pressure on Beijing.
Schumer also asked Trump to use the inter-agency committee “to suspend the approval of all mergers and acquisitions in the U.S. by Chinese entities”. “It is my assessment that China will not deter North Korea unless the United States exacts greater economic pressure on China, the U.S. must send a clear message to China’s government”.
This request follows U.S. concerns about the threat of North Korea’s nuclear and missile programs with President Trump repeatedly asking China to curb North Korea’s excesses with his most recent tweet expressing his disappointment in China.
I am very disappointed in China. Our foolish past leaders have allowed them to make hundreds of billions of dollars a year in trade, yet…
— Donald J. Trump (@realDonaldTrump) July 29, 2017
On Monday, two U.S. officials told Reuters that North Korea’s latest test of an intercontinental ballistic missile has shown it may be able to reach most of the United States.