Trump to sign executive order allowing the Treasury Department to target companies, individuals that trade with North Korea

President Trump.
(Image credit: Screenshot/Twitter/CNN International)

President Trump announced a new executive order on Thursday that will allow the Treasury Department to target companies and individuals that trade with North Korea, CNN reports. "It is unacceptable that others financially support this criminal rogue regime," Trump said during a press conference with the leaders of Japan and South Korea.

The order will allow Treasury Secretary Steven Mnuchin "discretion to target any foreign bank knowingly facilitating specific transactions tied to trade with North Korea," Trump said.

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Jeva Lange

Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.