Earlier, when we discussed Trump's latest executive order launching new sanctions on North Korea, we got a big picture of the crackdown but not the details. Moments ago, however, the White House unveiled the full breakdown of what Trump's latest crackdown on North Korea will involve.
As Gen. McMaster previewed earlier in the day, moments ago President Trump announced a new executive action that "significantly expands" US authority to target individuals, companies and financial institutions that finance or 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.
While details remains scarce, among the notable big picture actions to be taken include:
Authored by Pepe Escobar via The Asia Times,
North Korea, Iran, Venezuela are targets in "compassionate" America's war on the "wicked few." It's almost as though Washington felt its hegemony threatened...
Paul Delaroche, Napoléon à Fontainebleau, 1840. With other global powers increasingly at odds with US foreign policy under Donald Trump, the nation's hegemony on the world stage may soon face its own crisis point.
Authored by Ryan McMaken via The Mises Institute,
Last week US Treasury Secretary Steve Mnuchin warned the US will impose new sanctions on China if it doesn't conform to UN sanctions on North Korea:
"If China doesn’t follow these sanctions, we will put additional sanctions on them and prevent them from accessing the U.S. and international dollar system, and that’s quite meaningful."
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More Thoughts on Trump’s UN Declaration of War Against Iran and North Korea
Paul Craig Roberts