This has got to be a little embarassing for North Korea to say the least, but what did they expect? Did North Korea really think they could just keep practice shooting their long-range missiles and the rest of the world would just keep ignoring them? Talk about bold and embarassing. Now North Korea is scurring their little cargo ships back home where they came from, with their tucked tails between their legs.
China recently banned all imports of North Korean coal, according to The New York Times. Then on Friday, China’s customs officials ordered the country’s traders to return all North Korean coal cargoes to their ships. Take that North Korea! It looks like other countries, like China and the U.S. are tired of your charades.
Of course, this news comes after President Trump’s successful two-day summit with Chinese President Xi Jinping at Trump’s Mar-a-Lago resort in Florida. Once again, Trump is showing the world he means business. More importantly this is going to have a HUUGE effect when it comes to restoring jobs and reawakening America’s sleeping giant, the coal industry. China not only deterred North Korea from shooting off it’s missiles, but they also agreed to increase their imports of coal from the United States. Talk about Trump’s ‘Art of the Deal’.
North Korean ships are reportedly heading back home from China still full of one of the few products the country has that other countries want — coal.
According to Reuters, sanctions China implemented in February have gone into effect, stopping North Korea from selling its most precious export to its biggest trading partner.
This is a proverbial walk of shame for North Korea.
“A fleet of North Korean cargo ships is heading home to the port of Nampo, the majority of it fully laden, after China ordered its trading companies to return coal from the isolated country,” Reuters reported.
The ban on North Korean exports came after North Korea was found to be practicing long-range missile tests and continued to do so even after being warned. On Feb. 26, China banned all imports of North Korean coal, according to The New York Times. On Friday, China’s customs officials ordered the country’s traders to return all North Korean coal cargoes to their ships, Reuters reported.
This news comes after United States President Donald Trump’s successful two-day summit with Chinese President Xi Jinping at Trump’s Mar-a-Lago resort in Florida.
Trump reportedly pressured Xi to crack down on North Korea, according to Newsmax. On Sunday, U.S. Secretary of State and Rex Tillerson told “Face the Nation” that China had begun to understand that the situation with North Korea “has intensified and has reached a certain level of threat that action has to be taken.”
Besides further isolating the already isolated regime of North Korean dictator Kim Jong Un, China’s ban on North Korean coal has another upside for the United States. It appears that the ban, which is expected to last until the end of the year, has increased China’s trading with the U.S.
“To make up for the shortfall from North Korea, China has ramped up imports from the United States in an unexpected boon for U.S. President Donald Trump, who has declared he wants to revive his country’s struggling coal sector,” Reuters reported, citing its trading analysis software Eikon.
North Korean was the 4th largest provider of coal to China, but not any more. It’s time to ‘Make America Great Again’. Jobs. Jobs. Jobs.
Under the Obama administration, unfortunatley due to the surge in EPA regulations, the coal industry was strangled and forced to a halt. Thanks to Obama, the coal industry has struggled immensely since 2008. In fact in 2015, coal mining declined to 986 million short tons.
Do you still want to know why Trump did well in states like West Virginia, Pennsylvania, Wyoming, and Kentucky? Trump promised to bring back jobs to an almost dormant coal industry. Well, it looks like Trump is coming through on yet another campaign promise, doesn’t it?
Of course, right before leaving office, President Obama tried to push through more harm to the coal industry by signing more environmental regulation into effect. But since Trump has been in office, he has signed into law legislation, more than once, ending some of the Obama-era environmental regulations. Since then, the coal industry has seen a resurgence, and the credit goes to President Trump and his pro-energy agenda and pro-job legislation.
Thanks to President Trump, it looks like work in the coal industry will be picking up. It looks like the ‘war on coal’ is over. Another day and another Trump campaign promise kept.