Authored by Margaret Talev via Bloomberg
President Donald Trump Thursday ordered new sanctions on individuals, companies and banks doing business with North Korea as the U.S. increases pressure on Pyongyang for its weapons programs.He also said China’s central bank is ordering financial institutions to stop dealing with Kim Jong Un’s regime…the measures are intended to disrupt critical North Korean shipping and trade networks…“The regime can no longer count on others to facilitate its trade and banking activities.,” Trump said…People’s Bank of China posted a notice earlier this month directing financial institutions to stop opening accounts for clients on UN sanctions lists and suspend financial trading and providing export-related credit services for those clients….In his speech to world leaders on Tuesday, Trump declared that “Rocket Man,” as he derisively called the North Korean leader, is on a “suicide mission” by continuing to test and develop weapons systems. …“The United States…if it is forced to defend itself…will have no choice but to totally destroy North Korea,” Trump said Tuesday.
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