Asia & the Pacific

The authors write that Vietnam will play host to a critical meeting between Donald Trump and Kim Jong Un, and it will benefit from their peace efforts regardless of the outcome.

"...Iran's turn toward China and Russia leave the United States with less leverage for future negotiations on any issue, making it less and less likely for Iran to agree to cooperate with the United States or its allies. Thus, it is crucial to rethink these policies and come up with a more feasible plan."

Last week, President Trump signed a new executive order that paves the way to impose sanctions against any foreign bank that conducts business with North Korea, going well beyond current UN financial sanctions. These so-called secondary sanctions, which are penalties applied to third-party foreign banks (i.e., not directly against North Korean entities), are particularly focused on Chinese banks.

"...[I]t's unclear who — if anyone — would buy North Korean nuclear technology. However, the nightmare scenario of North Korea selling it to the highest bidder merits consideration."

"Along with punishment and denial, entanglement is an important means of making an actor perceive that the costs of an action will exceed the benefits.  Entanglement refers to the existence of  interdependences which makes a successful attack simultaneously impose serious costs on the attacker as well as the victim. This is not unique to cyber. For example, in 2009, when the People's Liberation Army urged the Chinese government to dump some of China's massive holdings of dollar reserves to punish the United States for selling arms to Taiwan, the Central Bank pointed out that this would impose large costs on China as well and the government decided against it."