>> Aiming to keep up the pressure surrounding North Korea, President Trump on Tuesday slapping a new round of sanctions on businesses in China for aiding Pyongyang's nuclear ambitions. The sanctions hitting six Chinese firms the Treasury Department says have directly or indirectly helped Kim Jong-un build his nuclear arsenal.
Trump has scolded Chinese leader, Xi Jinping, on Twitter, saying he has failed to do all he could to restrain the unpredictable ally. David Brunnstrom is on the story.>> What the Treasury Department is really hoping for here is this latest round will, in fact, encourage China to more fully implement United Nations sanctions.
>> The targeted firms include three that import North Korean coal, a major source of revenue. The US also sanctioning firms in Russia and Singapore, as well as six individuals. China's embassy in Washington quickly pushing back, calling on the US to, quote, immediately correct its mistake. It is interesting to note that these sanctions actually held off on going after Chinese financial institutions.
US officials have talked about doing that, but the concern is about provoking a response from China, a very negative response. If its banks are targeted, large Chinese institutions could be excluded from the global financial network.>> The action from Washington coming as tensions on the Korean peninsula remain high after Trump threatened to bring, quote, fire and fury down on North Korea, on word it may have miniaturized a nuclear warhead.
>> Kim, last week, seeming to back away from a plan to fire missiles to within miles of the US Pacific Island of Guam.>> I am pleased to see that the regime in Pyongyang has certainly demonstrated some level of restraint that we've not seen in the past.>> The US move running in tandem with United Nations sanctions passed this month in response to North Korea's recent rash of missile launches and nuclear test.