The Trump Administration Increases North Korean Sanctions

The Trump administration intensified pressure on North Korean leader Kim Jong Un to disband his nuclear weapons program by imposing another round of sanctions — this time, on one Chinese businessman and several North Korean shipping and trading companies and vessels.

“As North Korea continues to threaten international peace and security, we are steadfast in our determination to maximize economic pressure to isolate it from outside sources of trade and revenue while exposing its evasive tactics,” said Treasury Secretary Steven Mnuchin in a statement.

In total, Tuesday’s action targets one individual, 13 companies and 20 vessels that have engaged in trade worth hundreds of millions of dollars with North Korea.

via CNN

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza