idea that china is a currency manipulator. he tweeted why would i do that when they re going to help me with north korea. i think he s thinking if he could use a carrot and stick relationship with kpresident xi give him a better deal on trade concessions that china is going to come along. that remains to be seen who s playing who here in terms of china. it is very clear that he sees and this administration sees china as the real linchpin to north korea and they don t see any point in talking with north korea and trying to, you know, get some effort to denuclearize without full chinese pressure. that can mean a carrot. that can also mean a stick such as secondary sanctions on chinese companies and chinese banks that do business with north korea. but china really the key here, marty. i m sorry, we re out of time.
president xi more favorable trade concessions. and he also said that he s willing to reconsider labeling china a currency manipulator. so those are the carrots. what s the stick? the stick is that the u.s. is preparing options to sanction chinese companies, chinese banks that do business with north korea. so i think they re hoping that china will become a more constructive partner, and that s why you ve heard president trump say in the last few days. but they re ready to kind of put pressure on china if they don t play ball. china is key, without a key. elise labott, thanks very much. also thanks to nick paton walsh as well. we are learning more about north korea s failed missile test. u.s. officials are saying the missile blew up almost immediately after leaving the launchpad. the test came shortly before vice president mike pence arrived in south korea. cnn s will ripley is in the north korean capital of pyongyang and he has more. reporter: most north koreans will never know ab
influential nation on north korea is china. a third of their economy a third of their cash comes from selling coal to china. they re their biggest trading partner and cultural partner by far. so whatever happens in north korea is going to have to go through china in some way. then you look at the way china is viewing donald trump right now. they did just this visit by president xi. but in terms of trump s stance on china, he said he was going to label them a currency manipulator on day one. not only did he not do that, he is not going to do it at all. the one china policy, i don t think we should abide by, that unless we get trade concessions for them. okay, we re going abide by the one china policy and i don t need anything for it. the headlines about donald trump are humiliating. they re talking aboutim being a paper tiger, him being a laughingstock. with the chinese government controlled press, when those headlines come out, you know that s what the chinese government thinks of hi
because many of the steps that we re going through now of brinksmanship, getting right up close and saying okay, we re going engage, and we re going to engage in strength has echoes of what happened in korea in the 1950s. let me bring those two strands of thought together too. because obviously the most influential nation on north korea is china. a third of their economy a third of their cash comes from selling coal to china. they re their biggest trading partner and cultural partner by far. so whatever happens in north korea is going to have to go through china in some way. then you look at the way china is viewing donald trump right now. they did just this visit by president xi. but in terms of trump s stance on china, he said he was going to label them a currency manipulator on day one. not only did he not do that, he is not going to do it at all. the one china policy, i don t think we should abide by, that unless we get trade concessions for them. okay, we re going abide by the
being deployed. and the republican party chairman in michigan, ronna mcdaniel is picked to be the head of the next rnc. mcdaniel would takeover for reince priebus who is now the chief of staff for the president-elec president-elect. she is the niece of mitt romney. donald trump will not back down from china. that has leaders in beijing concerned. whether the u.s. should adhere to the longstanding policy that taiwan is part of one china policy. he is willing to provoke chinese officials until they agree to talks on trade and north korea. cnn s matt rivers tracking the latest from beijing. the president-elect seems blunt to include the recognition of one china as leverage for trade