Economics

Why Trump Holds the Cards on North Korea Sanctions

In October, President Donald Trump slapped down South Korean efforts to ease sanctions on North Korea, saying it couldn’t be done “without our approval.” He’s not far off.

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In October, President Donald Trump slapped down South Korean efforts to ease sanctions on North Korea, saying it couldn’t be done “without our approval.” He’s not far off. The U.S.’s veto on the United Nations Security Council and its status as Seoul’s security guarantor give it the power to keep the harshest sanctions in place for as long as Trump wants. Still, he’s facing growing calls from China, Russia and South Korea to ease pressure on Kim Jong Un, as they seek to advance their own interests in Pyongyang.

The Security Council has passed 10 rounds of sanctions since 2006, including a flurry of measures that Trump secured with China’s support last year. Today, about 90 percent of North Korea’s exports are banned, including coal, iron ore, seafood and textiles. Its purchases of crude oil and refined petroleum products have been capped. The U.S. and its allies have piled on their own unilateral sanctions, including travel bans and asset freezes on North Korean officials. South Korea’s are among the most stinging, banning tourism and cultural exchanges and North Korean ships from its waters.