Trump has been on a run when it comes to how he has been handling business with North Korea. Trump just announced that China will no longer be doing transactions with North Korea. Trump Claims that China’s Central Bank, which is China’s massive banking system, has immediately stopped doing any business with North Korea.
According to the “Washington Post” President Trump on Thursday announced new financial sanctions targeting North Korea as his administration seeks to build international support for more aggressively confronting the rogue nation, whose escalating nuclear and ballistic missile capabilities have reached what U.S. officials consider a crisis point.
The new penalties seek to leverage the dominance of the U.S. financial system by forcing nations, foreign companies and individuals to choose whether to do business with the United States or the comparatively tiny economy of North Korea. U.S. officials acknowledged that like other sanctions, these may not deter North Korean leader Kim Jong Un’s drive to threaten the United States with a nuclear weapon, but is aimed at slowing him down.
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