On Thursday, we reported that President Trump would authorise new sanctions on North Korea.
Trump has followed through on the report and has signed an executive order that significantly expands US authority to target individuals, companies and financial institutions that conduct significant trades with North Korea.
President Trump reiterated the words he used in his address to world leaders at the United Nations General Assembly that the various missile test and weapon development by the North regime is a threat to global peace.
He wrote in a tweet, “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.”
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. pic.twitter.com/igjOSM7N7h
— Donald J. Trump (@realDonaldTrump) September 21, 2017
Trump said the lawless North Korea government does not respect the sovereignty of other nations. Therefore, he authorised the Treasury to use its discretion in clamping down on any company or financial institutions making significant trades such as textile production, manufacturing and IT with the Asian country.
The President’s action is aimed at halting funding that has afforded the regime the capacity to continue with his nuclear power pursuit. Trump said America and other nations have watched North Korea grown dangerously for 25 years and done nothing. He hammered that “the era of disgraceful practice ends now”.
The US President disclosed and equally commended the surprising latest move by China through its central bank ordering other Chinese banks to stop trading with North Korea. Trump.
In conclusion, Trump while noting some countries’ diplomatic and economic steps to curb Kim Jong Un’s menace, also called on other world leaders to join hands with the US and mount pressure on North Korea to ensure its denuclearisation.
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