Supply Chain Research

Recent missile tests by North Korea and hawkish commentary from President Donald Trump have brought the issue of sanctions back onto the agenda. China’s total trade with North Korea fell 2% on a year earlier in the first quarter according to government data. Imports fell 32%, reflecting earlier sanctions against sales of coal and metals by North Korea. Yet, China’s exports have grown, rising 15% in the first quarter. As a result it had a trade surplus vs. North Korea of $915 million in the 12 months to end May. Options to reduce trade even further are limited. Food exports accounted for ...