The US government under President Donald Trump is considering broad economic sanctions against North Korea. The sanctions are aimed at putting financial and diplomatic pressure on North Korea. North Korea has been growing as a nuclear power and they are not afraid to show off their might. In the last few months they have conducted multiple tests on missiles with the view of provoking US and its allies.
So, now the US is determined to put a stop to North Korea, US is likely to mount a multi pronged attack on North Korea from diplomatic and economic point of view. The country is already laboring under heavy sanctions from the UN, any added sanctions will only worsen the economic situation in the country. North Korea is dependent on China for economic aid and business; US might come down hard on the banks and businesses that are engaged in trade with Pyongyang. US has already begun the deployment of THAAD defense system in South Korea which along with the sanctions would probably go a long way in deterring North Korea.
Rex Tillerson, the US Secretary of State made it clear a few days ago that negotiation is not an option and US is considering preemptive strike on North Korea as a viable option for neutralizing the threat. But as of now it seems that the Trump administration is trying to explore effective non military options for dealing with the situation. The sanctions on Chinese organizations involved in trade relationships with North Korea are also a clear signal to China. The US hopes to pressure China into reining in North Korea. China is reluctant to bow under the pressure and it is not likely to permit such sweeping sanctions against their neighbor and ally North Korea.
An official on condition of anonymity said that though it is not yet clear when President Trump is likely to take a decision, the policy recommendations assembled by national security adviser H.R McMaster will be ready within weeks, possibly before Trump’s meeting with Xi Jinping, the Chinese premier in Florida. North Korea will definitely be high on the agenda in that meeting.