September 21, 2017
The President has signed an Executive Order imposing additional sanctions with respect to North Korea.
Secretary of the Treasury, Steven Mnuchin has just reported that China has agreed to severe banking sanctions against North Korea.
As reported originally by Reuters, this would effect new North Korean banking customers, winding down of loans with existing customers.
This latest change is to ensure that China holds to the recent sanctions of North Korea and warns them that if they do not uphold the sanctions, this could affect their reputation, as reported by Reuters.
President Trump in an earlier press conference has said; “As I’ve outlined it by address to the United Nations General Assembly, North Korea’s weapon and nuclear development is a grave threat to peace and security in our world and it is unacceptable that others financially support this criminal rogue regime.” “The brutal North Korean Regime does not respect its own citizens or sovereignty of other nations.”
The President has said that China’s central bank has called its banks directing them to immediately stop any future financial banking with North Korea.
President Trump is calling for a complete denuclearization of North Korea.
Many countries are following the sanctions imposed on North Korea and President Trump is calling on other nations to impose sanctions of their own like the USA did today.
In addition to the banking sanctions, our government (Dept of Treasury) will identify new industries including textiles, fishing, manufacturing and information technology in order to further disable/disrupt them economically.
Hopefully this will tighten the screws and North Korea will rethink their position on furthering their nuclear arsenal.
Kim Jung Un, in a public speech branded our President “mentally deranged.” and said the President’s address at the United Nations was “a declaration of war,” as reported by mirror.co.uk.
North Korea’s response to President Trump’s newest sanctions by executive order:
President Trump Imposes Heavy Sanctions on North Korea via Executive Order:
Featured Image: armscontrol.org