Trump announces sanctions against companies trading in North Korea

Trump announces sanctions against companies trading in North Korea

Trump announces sanctions against companies trading in North Korea

"I am now thinking hard about what response he could have expected when he allowed such eccentric words to trip off his tongue".

Trump, during a speech at the United Nations General Assembly earlier this week, warned the USA would "totally destroy" North Korea if Pyongyang continued its provocative actions, leading North Korean leader Kim Jong Un to up the ante by calling Trump "deranged". Rocket man is on a suicide mission for himself'.

In return, Kim concluded the statement by saying he will "surely and definitely tame the mentally deranged US dotard with fire".

Trump made the announcement Thursday during a working luncheon with Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-in. "For much too long, North Korea has been able to abuse the worldwide financial system", to finance its nuclear ambitions, he said.

Although Kim is often quoted by official North Korean news media, it is highly unusual for him to issue a statement in his name.

The new penalties seek to leverage the dominance of the US 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. The crisis dominated the Trump's debut at this week's annual U.N. General Assembly meeting. The North has responded with a series of weapons tests and warlike and often mocking rhetoric against Mr Trump.

The spokesman, Lu Kang, said Beijing complies with U.N. Security Council resolutions.

More news: Qatar emir again urges dialogue, Trump says dispute to be resolved quickly

North Korea flight-tested two intercontinental ballistic missiles in July, the last of which demonstrated the potential of reaching the mainland United States.

The decision came as the president held talks with two key USA allies in the middle of tension on the Korean Peninsula.

The global community has been increasing pressure on North Korea over a series of recent missile and nuclear tests, and the issue has been a major point of discussion at the UN General Assembly.

North Korean leader Kim Jong Un making a statement regarding Trump's speech in an undated photo released by Korean Central News Agency in Pyongyang on Friday.

"Tolerance for this disgraceful practice must end now", he said of providing resources to North Korea.

"No matter the changes in circumstance, no matter how long it takes, not matter the difficulties we face, China will always persist in the goal of denuclearising the peninsula, in moving towards talks", he said.

Related news