
The United States is considering a new set of secondary sanctions against Chinese financial institutions and other entities with alleged roles in supporting North Korea's weapons programs , according to anonymous U.S. administration officials. The measures would not target large banks but would go after more marginal players included on a list that U.S. President Donald Trump shared with Chinese President Xi Jinping during his official visit in April (as part of a U.S. effort to pressure China to act on North Korea's weapon's program). The two sides also agreed during that visit to a 100-day trade action plan to address the massive trade deficit that ends July 16. Soon after that deadline, the first U.S.-China Comprehensive Economic Dialogue will be held, on July 19, after which the U.S. administration is likely to decide the precise nature of the new sanctions and their timing.