Trump Signs Executive Order Targeting North Korea’s Trading Partners

President Donald Trump on Thursday signed an executive order targeting North Korea’s trading partners, an order he described as a “powerful” new tool aimed to isolate and de-nuclearize the regime.

The order is coming just two days after Trump warned North Korean leader Kim Jong-un that he will “totally destroy” North Korea if his country (US) is forced to defend itself or its allies, in a highly-bellicose debut speech to the United Nations General Assembly (UNGA).

The US president, who announced the order as he met with South Korean President Moon Jae-in and Japanese Prime Minister Shinzo Abe on the sidelines of the U.N. General Assembly, said the measure would allow sanctions against “individuals and companies that finance and facilitate trade” with Pyongyang.

“Our executive order will cut off sources of revenue that fund North Korea’s efforts to develop the deadliest weapons known to humankind,” Trump said.

Specifically, he said it enhances the Treasury Department’s authority to target those conducting significant trade with the regime, including by sanctioning foreign banks.

“It is unacceptable that others financially support this criminal rogue regime,” Trump said.

He added, “Foreign banks will face a clear choice. Do business with the United States, or facilitate trade with the lawless regime in North Korea.”

Today, I announced a new Executive Order with re: to North Korea. We must all do our part to ensure the complete denuclearization of #NoKo. http://pic.twitter.com/igjOSM7N7h

— Donald J. Trump (@realDonaldTrump) September 21, 2017

An avid user of Twitter, the US president tweeted: “Today, I announced a new Executive Order with re: to North Korea. We must all do our part to ensure the complete denuclearization of #NoKo.”

Industries set to be targeted include textiles, fishing, information technology and manufacturing.

Pyongyang has resisted international pressure, conducting its sixth and largest nuclear test on September 3, and launching numerous missiles this year, including two intercontinental ballistic missiles and two other rockets that flew over Japan.

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