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

Pro-Life Victory for Preborn Babies with Down Syndrome in Ohio; Court Upholds Law Banning Abortions

Dismantling Some Abortion Lies, Half-Truths, and Propaganda

TX Bill Would Make It Illegal to Change the Gender of Minors, Charging Parents Who Consent With Child Abuse

Black Pro-Life Group Slams MLB's Decision to Pull All-Star Game Out of Georgia

Pentagon Develops Microchip That Detects COVID When Inserted Under Skin

Good News: Florida Reports COVID Deaths in Single Digits for First Time In Seven Months

Michigan Deputies Rescue an Abandoned 4-Month-Old Baby

'The Lord Has Blessed Me': 104-Year-Old WV Man Packs 1,000th Shoebox for Operation Christmas Child

US Recommends a 'Pause' in Administering the Johnson & Johnson COVID Vaccine Due to Blood Clots

'They Can Take Our Facility, But We'll Just Find Another One': Canadian Church Goes Underground; Pastor Coates Leads from a Secret Location

A New Strategy to pass the Born-Alive Protection Act: How You Can Take Action

Alveda King: Voter ID Denial, Slavery and Abortion Are Identity Theft

More Than 30 States Now Considering Bills to Ban Sexually Confused Boys from Girls Sports

'This Means Everything': Sean Feucht Receives William J. Seymour Award at 2021 Azusafest; Reports ALS Sufferers Getting Out of Wheelchairs

Très Bien!: New Openness to the Gospel in France

'She's Unbelievable!': Baby Girl Miraculously Survives to Hug Twin Brother

Supreme Court Rules to Lift California's Restrictions on Bible Studies, Prayer Meetings in Private Homes

Rep. Dan Crenshaw Asking for Prayers after Undergoing Emergency Eye Surgery

PRAY: Iran Vows Revenge against Israel as Attack Inflicts 9 Months of Damage on Iran's Nuclear Program

Republicans Block Biden's Sending of $150 Million to Palestinians