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President Trump has some bad news for companies that deal with “Rocket Man” AP Photo/Wong Maye-E
In this May 9, 2016 file photo, North Korean leader Kim Jong Un listens during the party congress in Pyongyang, North Korea. Since North Korea’s latest nuclear test, Pyongyang and Seoul have been openly trading threats of decapitation strikes and annihilating capitals populated by millions of civilians. And the talk of how each side might throw that first pre-emptive punch has become more detailed than ever. (AP Photo/Wong Maye-E, File)

President Donald Trump has signed an executive order that would enable the United States to sanction individual companies and institutions that finance trade with North Korea.

Trump made the announcement Thursday during a working luncheon with Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-in.

Trump said the measure would also disrupt other trade avenues for North Korea in efforts to halt its nuclear weapons program.

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The president said “tolerance for this disgraceful practice must end now.”

He also saluted China’s central bank for what he said was a move to stop its banks from trading with North Korea. That development was reported by Reuters Thursday.

The move comes just days after Trump threatened to “totally destroy” North Korea if forced to defend the U.S. or its allies.

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