Article snippet: President Donald Trump claimed on Thursday that China, North Korea's principal trading partner, has ordered its banks to stop doing business with the rogue regime. "I'm very proud to tell you that, as you may have just heard moments ago, China, their central bank has told their other banks — that's a massive banking system — to immediately stop doing business with North Korea," he said at the Shinzo Abe. Trump went on, "Again, I want to just say and thank President Xi [Jinping] of China for the very bold move he made today. That was a somewhat unexpected move, and we appreciate it." Trump spoke after signing an executive order aimed at companies and financial institutions that do business with North Korea. "Foreign banks will face a clear choice to do business with the United States or facilitate trade with the lawless regime in North Korea," he said. Trump argued that his order will "cut off sources of revenue that fund North Korea's efforts to develop the deadliest weapons known to humankind." Early this month, North Korea conducted its sixth and most powerful nuclear test yet, and last week the country fired a missile over Japanese airspace. Abe welcomed the new sanctions enforced by the United States. According to Trump, the U.S. Treasury Department will begin identifying new industries that it can target with strong sanctions, like manufacturing, fishing and textiles. "For much too long, North Korea has been allowed to abuse the int... Link to the full article to read more