It is difficult to gauge the impact of the increased sanctions imposed on North Korea, with reports of both plummeting exports in the last year and increasing illicit trade of banned minerals and arms. U.S. President Donald Trump's “maximum pressure” strategy aims to increase sanctions on North Korea and force the Kim Jong Un government to seek relief by agreeing to give up its threatening nuclear weapons and ballistic missile program, or face increasing hardship and possible collapse from within. If sanctions fail to end the North Korean nuclear threat, the Trump administration has emphasized it is prepared to use military force, as well. The latest U.S.-led round of sanctions at the United Nations Security Council, which were imposed in August and September of 2017, produced a total export ban on North Korea's $3 billion coal and other mineral industries, its $800 million clothing manufacturing output, and its lucrative seafood industry, as well as cutting oil imports by a third. China, which accounts for over 90 percent of North Korea's total trade, reported a 37 percent drop in exports from the North in 2017 as a result of the sanctions. If fully enforced, the restrictions would cut the North's exports by 90 percent in 2018, a loss estimated to be worth $2.3 billion. Independent media reports have confirmed significantly reduced trade and business activity in Dandong, the Chinese border city where most trade with North Korea occurs. |