President Donald Trump has issued new Executive Order that expands US sanctions on North Korea and companies or individuals that do business with the nation, indulge in creating tension with nuclear and ballistic missile test.
Trump also praised China for taking action to limit financial transactions with the isolated communist nation.
This came at the end of Trump's four-day visit to the United Nations General Assembly (UNGA) in New York.
As per the new penalties' the nations will have to choose whether to do business with the United States or Pyongyang.
"North Korea's nuclear program is a grave threat to peace and security in our world, and it is unacceptable that others financially support this criminal, rogue regime," Trump said in a press briefing, who was accompanied with the leaders of South Korea and Japan.
He added that United States continues to seek a "complete denuclearization of North Korea."
More From This Section
Trump also said that Chinese President Xi Jinping had ordered Chinese banks to not to any business with North Korea.
Earlier on September 19, Trump in his first address to the UNGA, attacked North Korea and termed its supreme leader Kim Jong-un as "a rocket man, who is on a suicide mission".
He further said, "It is time for North Korea to realise that de-nuclearisation is its only acceptable future."
Trump asserted that North Korea's reckless pursuit of nuclear weapons threatens entire world with immense loss of human life.
Earlier, the United Nations Security Council had condemned the launch of yet another ballistic missile by the Democratic People's Republic of Korea (DPRK) and called on the country's leadership to halt such activities and explore resumption of sincere dialogue on de-nuclearisation.
UN Secretary-General Antonio Guterres called on the DPRK leadership "to cease further testing, comply with the relevant Security Council resolutions, and allow space to explore the resumption of sincere dialogue on de-nuclearisation.