The Trump administration hit more than 50 vessels, shipping companies and trade businesses with sanctions Friday, escalating pressure on North Korea over its nuclear program.
The administration billed it as the largest installment of North Korean economic restrictions to date. President Donald Trump went further, declaring in a speech Friday at the Conservative Political Action Conference that it was “the heaviest sanctions ever imposed on a country before.”
While the number of companies from North Korea and other nations was high, the economic impact is unclear. It was certain to be less than previous U.S. measures that targeted large banks and business networks in China and Russia that deal with the North.
However, it significantly tightens the noose on North Korean trading. Treasury Secretary Steven Mnuchin told reporters that the U.S. has now imposed more than 450 sanctions against the North,