President Donald Trump has signed an executive order that gives the US broad new powers to sanction individuals, companies and financial institutions that facilitate trade with North Korea. “I am announcing a new executive order to sign that significantly expands authorities to target individuals, companies, financial institutions that finance and facilitate trade with North Korea,” Trump said.

Our new executive order will cut off sources of revenue that fund North Korea’s efforts to develop the deadliest weapons known to humankind,” he told reporters. The announcement by Trump was made ahead of a luncheon meeting with the leaders of Japan and South Korea on the UN sidelines. Trump also said that China’s Central Bank had ordered other Chinese banks to stop doing business with North Korea. READ MORE