The US accused the Chinese bank of laundering money for Pyongyang and also imposed sanction on two Chinese citizens and a shipping company helping North Korea’s weapons programmes.
The new sanctions are designed to cut off funds that North Korea uses to build its weapons programme in defiance of UN sanctions, according to US Treasury Secretary Steve Mnuchin.
“We will follow the money and cut off the money,” he told the press.
As the US risks angering China with the new sanctions, here are live updates, the reaction and breaking news on tensions between North Korea and the US.
Noon: China’s anger over the US plan to supply Taiwan with weapons risks undermining Mr Trump’s attempts to press China to help on North Korea.
The Chinese embassy in Washington urged the United States to revoke immediately its “wrong decision” to sell Taiwan $1.42 billion worth of arms.
“The Chinese government and Chinese people have every right to be outraged,” the embassy said, adding atet the sales sent the wrong message to “Taiwan independence forces”.
11am: Talks on North Korea between Donald Trump and South Korean President Moon Jae-in continue in Washington today.
Mr Moon has said: “Together we will achieve the dismantlement of North Korea’s nuclear programme, peace on the Korean Peninsula and eventually peace in Northeast Asia.”
10am: China has said it always opposed to sanctions outside the UN framework after the United States imposed sanctions on two Chinese citizens and a shipping company yesterday.
Mr Mnuchin has said the action was not being take to send China a message, adding: ”This wasn’t aimed at China. We continue to work with them.”
A Treasury statement identified the bank as the Bank of Dandong and the firm as Dalian Global Unity Shipping Co Ltd. It identified the two individuals as Sun Wei and Li Hong Ri.
2.44am: Donald Trump tweeted: “Just finished a very good meeting with the President of South Korea. Many subjects discussed including North Korea and new trade deal!”
He met South Korean President Moon Jae-in at the White House yesterday to discuss steps to push North Korean to abandon its weapons programmes.
1am A rocket launched by North Korea last month soared to an altitude five times higher than the International Space Station, it has emerged.
This Hwasong-12 rocket test brings Kim Jong-un’s threats of developing a missile capable of reaching the US even closer to reality.
Kim Jong-un looked on as the rocket was fired into the…