Trump Administration Slaps New Sanctions on North Korea
The moves come as the White House has been ratcheting up pressure on North Korea following a fiery exchange between Mr. Trump and Mr. Kim earlier this year in which Mr. Trump declared on Twitter
that America’s nuclear arsenal is "much bigger" and more powerful than Mr. Kim’s.
24, 2018
WASHINGTON — The Trump administration unfurled new sanctions on Wednesday targeting North Korea and its weapons program, underscoring the aggressive approach
that President Trump has promised to take against the government of Kim Jong-un.
The designation on Wednesday of two Chinese trading companies, Beijing Chengxing Trading Co. Ltd. and Dandong Jinxiang Trade Co., Ltd., signals
that the Treasury Department is looking more broadly for ways to squeeze North Korea.
The new sanctions, released by the Treasury Department, target North Korean
and Chinese trading companies, North Korean ships and North Korea’s ministry of oil.
Steven Mnuchin said that Treasury continues to systematically target individuals
and entities financing the Kim regime and its weapons programs, including officials complicit in North Korean sanctions evasion schemes,
Sanctions experts have suggested that the United States faces limited options targeting North Korea’s illicit financing schemes because of the broad swath of sanctions
that already have been imposed on the isolated Asian nation.
