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Trump Heaps more Punishment on North Korea – Trades Threats

<p>President Trump is now targeting North Korea&rsquo&semi;s trade partners in an effort to stymie the rogue regime&rsquo&semi;s bad behavior&period;&nbsp&semi;<&sol;p>&NewLine;<p>This Thursday&comma; he signed an executive order that gives the Treasury Department authority to target any &ldquo&semi;individual or entity&rdquo&semi; that carries out trade in &ldquo&semi;goods&comma; services&comma; or technology&rdquo&semi; with North Korea&period;&rdquo&semi; This includes the power to sanction foreign banks&period;&nbsp&semi;<&sol;p>&NewLine;<p>The order follows Trump&rsquo&semi;s first meeting with the UN General Assembly&comma; and it was announced just before a lunch with Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-in&period;&nbsp&semi;<&sol;p>&NewLine;<p>Since then&comma; North Korean Leader Kim Jung Un has declared that a rocket to the U&period;S&period; is &&num;8220&semi;inevitable&period;&&num;8221&semi; Trump has responded by declaring that North Korea will &&num;8220&semi;disappear&period;&&num;8221&semi; Trump then a put additional travel restrictions on North Korea&period;<&sol;p>&NewLine;<p>&ldquo&semi;North Korea&rsquo&semi;s nuclear weapons and missile development is a grave threat to peace and security in our world&comma;&&num;8221&semi; said Trump&period; &&num;8220&semi;And it is unacceptable that others financially support this criminal rogue regime&&num;8230&semi;Foreign banks will face a clear choice&period; Do business with the United States or facilitate trade with the lawless regime in North Korea&period;&rdquo&semi;<&sol;p>&NewLine;<p>According to Treasury Secretary Steven Mnuchin&comma; the order gives the Treasury Department the authority to suspend US account access to foreign banks that knowingly facilitate &ldquo&semi;significant transactions tied to trade with North Korea&period;&rdquo&semi;&nbsp&semi;<&sol;p>&NewLine;<p>&ldquo&semi;For too long&comma; North Korea evaded sanctions and used the international financial system to facilitate funding for its weapons of mass destruction and ballistic missile programs&comma;&rdquo&semi; continues Mnuchin&period; &ldquo&semi;No bank in any country should be used to facilitate Kim Jong Un&rsquo&semi;s destructive behavior&period;&rdquo&semi;&nbsp&semi;<&sol;p>&NewLine;<p>The order also bans all aircraft and vessels that have visited North Korea from entering the United States for the next 180 days&period;&nbsp&semi;<&sol;p>&NewLine;<p>Trump says the new measure will disrupt Kim Jong Un&rsquo&semi;s ability to raise money for his nuclear weapons program&period; The order also shows that Trump is allowing more time for economic pressure to take a toll on North Korea after his recent warning to world leaders that he is prepared to &ldquo&semi;totally destroy&rdquo&semi;&nbsp&semi;the country&nbsp&semi;if necessary&period;<&sol;p>&NewLine;<p>Trump praised China after news that its banks had begun to halt financial services to North Korean customers&period; The move follows&nbsp&semi;increasing pressure from the Trump Administration for China to help isolate North Korea&period;&nbsp&semi;<&sol;p>&NewLine;<p>&ldquo&semi;I&rsquo&semi;m very proud to tell you that&hellip&semi;China&comma; their central bank has told their other banks &ndash&semi; that&rsquo&semi;s a massive banking system &ndash&semi; to immediately stop doing business with North Korea&comma;&rdquo&semi; said Trump&period;&nbsp&semi;<&sol;p>&NewLine;<p><strong>Editor&&num;8217&semi;s note&colon;<&sol;strong> This is a tough situation&comma; the rhetoric continues to ratchet up&period; North Korea is still attempting to play hardball&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;

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