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Pearce: Chinese Action Against North Korea Is Sign U.S. Is A Global Leader

on September 23, 2017 - 5:59am
U.S. Rep. Steve Pearce
WASHINGTON, D.C.  U.S. Rep. Steve Pearce Sept. 21 released the following statement after President Trump announced increased United States (U.S.) sanctions on North Korea following China’s central bank decision to limit North Korea’s access to Chinese financial institutions:
“North Korea’s continuing work on a nuclear weapons program poses a significant threat to global stability. Isolating the rogue regime relies heavily on China, as the nation has historically been a major trading partner with North Korea and has contributed greatly to North Korea’s energy production.
“The Administration’s strong stance and tough negotiating has resulted in a global effort to reduce North Korea’s access to financing and products. China’s recent decision to restrict and limit North Korean access to Chinese banks, coupled with additional sanctions issued today by the Trump Administration, shows the United States is leading global stabilization efforts. The United States will not tolerate their tactics of intimidation, and we must utilize sanctions to cripple their ability to access the financial system and engage in trade that furthers their destructive efforts.”
Thursday, President Trump issued a new Executive Order imposing increased sanctions on North Korea to target various trade networks and financial institutions. This will maximize pressure on individuals and entities that engage in trade with North Korea to further their Weapons of Mass Destruction (WMD) programs.