Trump is slated to speak at CPAC at 10:05 a.m. ET. The Treasury Department is expected to give more details on the actions later Friday.
The U.S. and its allies have enacted a series of sanctions in an attempt to cut off funding for Pyongyang’s ongoing nuclear and missile tests. Despite the economic pressure, North Korea has shown few signs of backing down from its aggressive rhetoric and weapons development.
Part of the strategy includes stopping oil shipments to the communist dictatorship, and reports suggest North Korea has gotten help evading sanctions. The U.S. has tried to get China — Pyongyang’s only major ally — to apply as much economic pressure as possible.
Trump has repeatedly exchanged explosive rhetoric with North Korea’s Kim Jong Un since he took office in January 2017. Last year, he said North Korean threats “will be met with fire and fury like the world has never seen.” He also boasted that he had a “Nuclear Button” that is “bigger and more powerful” than Kim’s.
While Trump has issued multiple threats toward North Korea, his advisors have repeatedly said the U.S. does not want to use military force.
This story is developing. Please check back for updates.