1. United Nations — Russia and China proposed to the United Nations Security Council that it ease some economic sanctions against North Korea, according to a U.N. resolution obtained by CBS News on Monday....
2. Some people may point out that China can circumvent the US sanctions by reselling or donating to North Korea any food surplus from its purported agreement to buy $50 billion worth of US agricultural goods annually. After all, won't China be the new owner of the agricultural products after paying the US with its hard-earned money?
The problem for countries or companies that trade with the US is that in the eyes of Uncle Sam they still do not have full ownership of the goods even though they have paid for them. It's the same case with any country or company that pays for US technology or components used in their manufactured goods. Hence, as in the case of Huawei, any country or company that dares to resell or donate any US-related item to North Korea or Iran will face the full wrath of Uncle Sam.
In conclusion, we can imagine what kind of mad, mad world we would be living in if every item in our home still does not belong to us but to the sellers regardless of the amount paid.
2. Some people may point out that China can circumvent the US sanctions by reselling or donating to North Korea any food surplus from its purported agreement to buy $50 billion worth of US agricultural goods annually. After all, won't China be the new owner of the agricultural products after paying the US with its hard-earned money?
The problem for countries or companies that trade with the US is that in the eyes of Uncle Sam they still do not have full ownership of the goods even though they have paid for them. It's the same case with any country or company that pays for US technology or components used in their manufactured goods. Hence, as in the case of Huawei, any country or company that dares to resell or donate any US-related item to North Korea or Iran will face the full wrath of Uncle Sam.
In conclusion, we can imagine what kind of mad, mad world we would be living in if every item in our home still does not belong to us but to the sellers regardless of the amount paid.
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