(FOX NEWS) President Trump signed an executive order Thursday targeting North Korea’s trading partners, calling it a “powerful” new tool aimed at isolating and de-nuclearizing the regime.

The president announced the order as he met with South Korean President Moon Jae-in and Japanese Prime Minister Shinzo Abe on the sidelines of the U.N. General Assembly.

He said the order would help target individuals and companies doing business with Pyongyang. Specifically, he said it enhances the Treasury Department’s authority to target those conducting significant trade with the regime, including by sanctioning foreign banks.

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