The president announced Beijing has ordered its banks to stop doing business with North Korea

"The executive order will cut off sources of revenue to develop the deadliest weapons known to human kind," said Trump. "The order targets one country and that is North Korea."

"Foreign financial institutions are on notice going forward," said Secretary of the Treasury Steven Mnuchin. "They can do business with the United States or North Korea, but not both."

South Korea's president and the Japanese prime minister praised Mr. Trump for this move to help target people, companies, banks financing and facilitating trade with North Korea.

"The objective is for them to stop their missile tests and give up their nuclear weapons," said Mnuchin.

No response from Pyongyang yet in regards to the new sanctions.

CBN News

To receive daily emails from Breaking Christian News to your inbox CLICK HERE

Barron Trump Is 'Very Close' to Salvation, Says Pastor Who Had Midnight Call With the First Son

'Country Ever After' Star Loses 7-Year Battle to Colon Cancer: 'Slipped Into the Arms of Jesus'

FBI Warns About Ransom Scams Involving Fake 'Proof of Life' Photos

The Hill: Somali Scandal Could Sink Minnesota Gov. Tim Walz's Political Career

ICE Warns Illinois Is Releasing Violent Criminal Illegal Aliens Despite Detainers: 'They're Deciding that Dangerous Criminals ... Are More Important Than the Families That Live Here'

Inflation Lower than Expected, New BEA Report Reveals, Sparking Fed Rate-Cut Hopes

Nigeria Secures Release of 100 Schoolchildren Abducted from Catholic School after Weeks in Captivity

US Supreme Court Approves Lone Star State's New Congressional Maps

Street Preacher's Arrest in Mississippi Sparks Supreme Court Case on Free Speech Rights

Trump Offers Plan for Healthcare Cost Crisis, GOP Senator Vows 'We're Going to Fix Obamacare'

Nigerian Persecution Horror: Expert Dismantles Disturbing Media Narrative

Man Dies on Operating Table, Meets Jesus, Sees Heaven; Stunned Doctor Says: 'God's Not Done with You'

Florida Moves to Redistrict in Congressional Maps Arms Race

Maduro's Ex-Insider Turns Whistleblower, Sends President Trump an Explosive Letter

Experts Warn Parents AI Christmas Toys Put Kids at Risk: 'Trouble in Toyland' [Video]

Pete Hegseth to Bring Christmas Back to the Pentagon: Blaze Exclusive

Iryna's Law Needs to Be Replicated Around the Country

Navy Admiral Set to Testify on Capitol Hill About Drug Boat Strike in Caribbean That Killed Survivors

DOJ: University of Delaware Student Allegedly Plotted Attack on Campus Police; Illegal Weapons Recovered

'Unbelievable Revival': God Is Moving with Power in Transnistria Despite Russia's Heavy Hand [Video]