President Donald Trump said Tuesday that the latest sanctions the United Nations imposed on North Korea are “not a big deal” compared to what might happen in the future.
“We think it’s just another very small step – not a big deal,” Trump said at the White House on Tuesday. “Those sanctions are nothing compared to ultimately what will have to happen.”
The United Nations Security Council on Monday voted unanimously to pass its strongest sanctions yet on North Korea following its sixth ever successful nuclear missile launch and claims that the country now has a Hydrogen bomb it can place on an intercontinental ballistic missile (ICBM).
The sanctions, while watered down from original drafts, fully ban the country’s textile exports and reduce its oil and petroleum exports. This means about 90 percent of North Korea’s exports are now banned, as well as a complete ban on the country’s overseas laborers that provide nearly $500 million in revenue. Additionally, all foreign investment with North Korea is cut off, and the regime’s assets will be frozen.
The United Nations in August unanimously approved sanctions against North Korea in response to Kim Jong Un’s two successful intercontinental ballistic missiles (ICBMs) in July.
Then, North Korea threatened “thousands-fold” revenge on the United States following those sanctions, which cut North Korea’s export revenue by $1 billion, or about a third. The sanctions banned North Korea from exporting coal, iron, iron ore, lead, lead ore and seafood.
North Korea’s sixth nuclear missile test caused a 6.3 earthquake and was roughly five times as large as the bomb that destroyed Hiroshima, Japan. The test came hours after North Korean dictator Kim Jong-un claimed that it now had an H-bomb to put onto its long-range ICBMs.
U.S. Ambassador to the U.N. Nikki Haley has said that North Korea is “begging for war,” and that it’s time for the international community to impose the strongest possible sanctions against North Korea.