a new order will give the treasury department the digression to sanction any foreign bank that knowingly conducts or facilitates transactions tied to trade with north korea and again i want to say and thank president xi of china for the very bold move he made today. it was a somewhat unexpected move and we appreciate it. new authority in this area applies to any activity that occurs following my signature on the executive order which i have just signed. foreign banks will face a clear choice to do business with the united states or facilitate trade with the lawless regime in north korea. they won't have so much trade. this new order provides us with powerful new tools, but i want to be clear the order targets