There has been much talk in the news lately regarding President Trump and Kim Jong-Un and their political agendas. Many believe these interactions are and will stay in the political spectrum, but we haven't heard much of the economic side. President Trump recently signed an executive order saying that the United States "imposes sanctions on any on any foreign financial institution that conducts or facilitates 'any significant transaction in connection with trade with North Korea'". This ultimately leaves countries with no other option then to cut ties with North Korea with the risk of losing trade with America, which know "Losing access to America's $19 trillion market would be a stiff price to pay. If countries and entities decide to cut ties with North Korea, their economic market would crumble, likely putting that country in a much more dire state than it is already known to be in. The executive order by Trump certainly is the most effective move he has had in the recent heightened tensions between the US and North Korea. the move is also different of the recent trend of military action including nuclear warfare. The economic shift of DPRK will likely force Kim Jong- Un to make peace with the world, quickly to save North Korea from an economic downfall. Trump's executive order serves the DRPK a hand that they have not quite dealt with in the recent news, one that is already proven to be more successful than previous instances.
http://www.foxnews.com/opinion/2017/09/24/why-trumps-economic-moves-against-north-korea-may-do-more-to-tame-kim-than-any-insult.html
Rocketman needs to become a peacemaker soon or he will make all of North Korea's allies disappear. This is a good read, it is in his favor to simmer down. China accounts for 90% of their imports and they are already siding with Trump and America.
ReplyDeleteChina's Move to not allow banks to do business with North Korea was another sure fire hit against their crumbling economy. With only 10% of their imports left without China, North Korea will be scrambling to find a way to bounce back from this blow to their economy.
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