Trump touts new sanctions on North Korea

China Calls for Mutual Respect in Strengthening Relations with US

China Calls for Mutual Respect in Strengthening Relations with US

Cayetano told reporters Monday foreign ministers and key partners will likely discuss North Korea's missile tests in the ASEAN Regional Forum (ARF).

North Korea said the sanctions infringed its sovereignty and it was ready to give Washington a "severe lesson" with its strategic nuclear force in response to any US military action.

It has urged North Korea to halt future ballistic missile and nuclear tests, while also calling on the US and South Korea to cease military exercises.

China, North Korea's lone major ally, has repeatedly said it is committed to enforcing increasingly tough United Nations resolutions on North Korea, though it has also said what it terms "normal" trade and ordinary North Koreans should not be affected.

Nicholas Burns, a former USA ambassador to North Atlantic Treaty Organisation and undersecretary of state for political affairs during the George W. Bush administration, told CBS New on Monday that it is "unlikely" the sanctions will work in the end, because of the huge value the Kim regime puts on its nuclear and weapons programs.

"We will, under no circumstances, put the nukes and ballistic rockets on negotiating table", North Korea said. North Korea, which has developed an intercontinental ballistic missile some expert observers assess is capable of delivering a nuclear payload to cities across America, is livid and threatening to retaliate.

South Korean Foreign Minister Kang Kyung-wha met with US Secretary of State Rex Tillerson and Japanese Foreign Minister Taro Kono in Manila on the sidelines of meetings hosted by the Association of Southeast Asian Nations.

North Korea is close to developing a viable nuclear deterrent against the USA and other powers, which its leadership considers essential for the survival of the regime.

South Korean Foreign Ministry said the measures will slash about $1 billion from the North's annual export revenue.

Tillerson is offering his most specific outline to date of what preconditions the USA has for talks with Pyongyang.

As CBS News correspondent Ben Tracy reports, getting a unanimous vote from the United Nations Security Council to approve the sanctions package took more than a month.

Kang is echoing Tillerson's praise for the sanctions approved Saturday by the U.N. Security Council. This is why the USA is concentrating its diplomatic efforts on China in its bid to stop North Korea's tests.

"They don't want to see the Korean peninsula unified by the South Korean government, aligned with the United States, because that would be a victory strategically for this long-running competition between China and the United States", he said.

Still, he maintained the pressure on North Korea, pressing Thailand on Tuesday for more action against Pyongyang.

North Korea is likely to continue pursuing ballistic missile tests at its current pace of about every three to four weeks despite the sanctions, according to John Park, director of the Korea Working Group at Harvard Kennedy School. She says it was a "very, very good outcome".

"Each U.N. resolution is better than its predecessor and each one is the strongest in history against North Korea", said Bruce Klingner of the Heritage Foundation.

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