Apparently President Trump made a huge impact on China’s President Xi Jinping, as the country has decided to reject North Korea’s coal exports.
According to Fox News, China has sent a flotilla of North Korean freighters loaded with coking coal back to their home ports, according to an exclusive Reuters report. Meanwhile, China has placed massive orders for the steel-making commodity from U.S. producers.
Information on the Thomson Reuters Eikon financial information and analytics platform revealed that 12 freighters were returning to North Korea.
Reuters attributed news of China’s rejecting North Korean coal to a trading source at Dandong Chengtai Trade Co., which is the biggest buyer of North Korea’s coal.
The Dandong Chengtai said it had 600,000 tons of North Korean coal sitting at various ports and that there were 2 million tons stranded at Chinese ports to be sent back to North Korea, Reuters said.