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tv   Treasury Secretary Mnuchin on North Korea Sanctions  CSPAN  February 24, 2018 12:48am-1:12am EST

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whose ovel, "gods and generals" was made into a recent movie. plus 11 more novels which reaccount the military history of america from the american revolution to the korean war. the program we'll be taking your phone calls, tweets and facebook messages. our special series in depth fiction addition with author shaara sunday, march 4, live from noon to 3:00 p.m. on c-span 2.ok tv the trump administration announced on friday there will new sanctions targeting north korea's shipping and trade industry. treasury secretary see mnuchin gave reporters details at the white house. this is 20 minutes.
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>> hello, everybody, today the department is announcing the largest set of imposed in er connection with north korea. this action targets the shdis --ber active deceptive ship practices that have enabled north korea to their activities. it targets vessels and individuals across the world who working with north korea's behalf, specifically sanctioning 27 entities, 28 vessels, and one individual, involved in sanctions, evasion schemes. actions will north cantly hinder orea's activities that illicit fuel llino wil transports and shipping through
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international waters. of the undergoing maximum economic pressure ampaign, to cut off sources of revenue that this regime derives prohibitive u.s. trade to fund its nuclear and programs.missile we're also issuing a global shipping advisory in conjunction with the coast guard and the state department to put everyone of north korea's illicit maritime tactics and the significant sanctions risk of engaging in north e business with korea. we're releasing new imagery of the deceptive shipping practices by those who aid and profit trade with north korea. hese images from december 2017 reveal ship-to-ship transfers of fuel and other products destined in an attempt , to evade sanctions.
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on the ne a spotlight practices employed by the overnment of north korea to falsify identifying information n ships and conceal illicit cargo. these sanctions, evasion tactics re prohibited by u.n. security council resolutions, and we're fully committed to shutting down engage in trade with them. through today's actions we're utting companies and countries across the world on notice, that his administration views compliance with u.s. and u.n. sanctions as a national security imperative. those who trade with north korea do so at their own peril. the united states will leverage our economic strength to enforce directive that's any company that chooses to help north korea fund its nuclear and ballistic missile programs will business owed to do with anyone in the united
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states. the united states will not sit dly by while he threatens american allies and territories. committedistration is to full, reversible and of anent de nuclearization the korean peninsula and our actions today against those who ontinue to fuel this rogue regime amplifies our strong to achieve that end. i'm happy to answer any questions. >> mr. secretary in recent weeks been a ems to have little bit of a thaw between south korea and north korea, in games, there hasn't been a nuclear test in recent weeks. sanctions and why not? it was the beginning of an opening at least between south korea and north korea. say, you know, while we appreciate the fact that there haven't been tests, exactly a terrific standard of what we're applying.
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it's very clear that this has directive, that the president has issued. going back to his time when he was at the u.n. very clear we were working on these sanctions. s you know, there is a huge process that goes into preparing these sanction packages, and as soon as they were ready, we were prepared to release them today. -- eal quick question about you mentioned nuclear weapons. do we have -- two questions, do example of specific this being used to enhance their uclear program, a specific example of where they have breached trade to do that. there a linkage between what the president said last week when he said we'll be so far ahead of of ear, barring excess anyone else, is he talking about north korea? issues. are independent our capabilities are obviously
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surpassing the rest of the world. i'm not going to make any omments on direct -- on the source of funds, but i can he's diverting oney from the people of the country to support his programs. >> thank you very much. us.nk you for joining >> this targets 27 entities, when you talk about ship-to-ship like the picture behind you there, give us some sort of scope or some context. small portion of the ships involved, and the transfers involved? the a larger portion, middle, how impactful actually is going after these 27 entities 28 --se >> this is very impactful. this is virtually all the ships at this moment in time. we'll obviously continue to our or and use all of resources to monitor activities going forward and we'll do new anctions as needed going forward. but this is a very, very
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significant action. might just say, advisory that the coast guard that we d on with us that we l think will be very impactful. >> out of all the ships, do you expect these ship-to-ship trfs essentially to be eliminated? >> we're going to do everything these ship-to-ship transfers. >> using the words you just do everything to stop ship-to-ship transfers. clearly we have the intelligence identify them. this feels like the economic equivalent of a blockade. step, a he next military blockade to, in fact, block these ship-to-ship these sanctions are not effective? >> i think as the president has to before we're not going announce in advance anything we may do in the future on military actions. we're monitoring. what i would say, again, right using the full power of the united states economically, and working with ur allies to cut them off economically. that's priority of the maximum
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moment.e campaign at the >> is i like an economic blockade? >> i'm not going to confirm that is we're using all of our sanctions we'll continuend to do so to economically cut off illicit activities. questions for you, mr. secretary. s it just purely the number of -- [inaudible] sanctions -- the heaviest -- it's both we think the largest in number we've ever one against them as well as impactful. would just say that this brings up the total to over 450 north ns that we have on korea. i would say approximately half of those have been done in the last year. so we've had sanctions since 005 under president trump's leadership we've done half of those in the last year. >> some of those sanctions -- have done hundreds of
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--- -- of dollars [inaudible] ou're arguing that these are more impactful? >> again, i'm not going to make any specifics. chinese entities. at them tinue to look like everyone else. we expect people to follow of ugh on the obligations the u.n. sanctions and our sanctions programs. is russia extent helping north korea evade sanctions? >> i'm not going to make any omments specifically on that other than to say, that obviously, russia and china are that have traded with them and we're working with both of >> mr. secretary, what indicators will you use to measure whether or not these are successful? >> we have both classified and indicators, that we monitor, as to the success, and we believe that the economic sanctions are beginning to have a significant their ability to fund their programs.
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>> could you level us know about unclassified -- let of the about some unclassified indicators you use. >> in this setting i'm not repared to go through the classified and unclassified but we'll of the unclassified follow up. >> why russian ships? we're prepared to blacklist russian ships to the extent there are russian ships, me be clear. whether they are russian ships r chinese ships, we don't care whose ships they are, if we have intelligence that people are doing things, we'll put sanctions on them and we'll go that.d with on timingond question here, obviously, ceremonies are happening, the president's adviser just arrived in south korea, is that kimg more than a coincidence or are send a coordinated message by rolling out these sanctions today? say ivanka trump has been briefed on. this she's been part of the team. she had dinner with president moon. had a private discussion, in advance, about this
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occurring, and this has been an interagency process, so i think, as i said earlier, you know, when the vice president wept there, he announced -- went over there he announced these. ready at the time. if they were ready to be released we would have done them earlier. extensive process, an enormous amount of work that's been done on an get to ncy basis to where we are today. in the back. yes. -- in --- -- sanctions other words, what if it doesn't work -- >> again, i don't think we're on g to make any comments what our options or aren't in the future. as we see tinue things that should be sanctioned. i can assure you, we'll continue sanctions.t new so, as you know, since i've been here this has been an evolving although we don't comment on future sanctions, i can assure you we have a large largest ever, dedicated,
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illiciton north korea's activities and as there are more -- actions that need to be sanctioned we'll do that in the future. >> can you go into a little bit detail about the ivanka briefing. proper have the security clearance to know what -- and brief the south korean president? yes, she has the appropriate moon.s to brief president >> do you think the greatest effect by this will be military or economic? going to i'm not comment on any military issues. i am going to comment that we the economic activities are significant and the sanctions are working. > but you say there will be military -- >> i'm not commenting one way or another. interpret that. sanctions -- moon -- [inaudible]
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coming for so he's what is the u.s. position of -- south korea? do you have anything -- >> that's for south korea to decide. comments, but any again let me just emphasize, our actions are not against the people of north korea. actions are against the leadership of north korea, and he illicit activities and our ommitment to have safety and security on the peninsula. >> do you rule out the united --tes >> no, i cannot rule that out. sanctions,r the u.n. with the consent of state flags, certain rights that we and other countries have and i'm out.ruling anything >> consensus, so say a ship suspect, et consent, a do you rule outboarding
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forcibly? >> i'm not going to make any omments on what the military may or may not do. would direct you to under the u.n. sanctions, we do have the right with the consent of the flag, and we will actively, and we expect states we give they will information, they de flag the ships. i think that's also something important.y yes, in the back. these sanctions do you think to have a change of heart? >> again, i'm not going to of ulate what their change heart will be or won't b. we believe the sanctions work. there is no question in the case iran, unified sanctiones is what brought iran to the table. the economic might of the united states and our llies, cutting them off, will limit their ability to continue programs. >> what if somebody doesn't have
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in the nomic exposure u.s., what can you do -- >> as you're aware we have the primary sanctions and secondary sanctions, if these companies are doing in the in other places world and that's facilitated, we have the ability to cut off the in other parts of the world, and we will look at seriously. so -- >> are you right now actively any further designation of the patriot act, or financial institutions? >> as matter of policy i'm not oing to give specifics as to what we are considering and what we're not considering. you, we're e reviewing information as it's ssociated with banks, that are illicit activities. here, t time you were there was supposed to be this
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calculator on the treasury website, the irs website, to it out.figure there is a battle between the treasury and irs, on how to deal regulations upon the tax codes. has this rollout gone as smoothly -- absolutely. let me just comment, first of all, the calculator is on track. think it's being released next week. it is being released next week. we're going to give the press a demonstration of this. nd again, i would just emphasize, i think rollout of the tax plan, we've had very the coordination between irs and our team at treasury and the white house and the omv. there have been some rticles about a memorandum of understanding, that treasury has had for 30 years with omb, but i assure you, that mulvaney and i are working very to the together and extent that makes sense to reconsider how things have been
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done over the last 30 years that.already doing >> the president said today, hat past administrations, talking about the deficit, the debt, have let it go to hell. projections are still close to trillion dollar eficits that will be racked up in the future years. -- >> let me comment on that because i think that's an issue.ant again, as we've said, the debt has gone from 10 trillion to $20 trillion over the last eight years. the president is concerned about that. was component of that spent in the middle east on wars as the president has talked about. very esident has been clear that getting more money for the military was a major of his. and that's something that was achieved. that, the of democrats required us to raise nonmilitary money. importance of he what the president wanted to do with the military, that was critical that we get it done and looking at the issue of
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forward.ficits going >> while we're on the subject of taxes, where is the a inistration on the idea of 25% rise in the gas tax that the president has suggested in members of h congress? >> it's something that's being considered. there is no decision on that. some of you noted in my testimony the president is on an internet sales tax. this is not a new tax. a s is, most states have sales or use tax, and the president wants to make sure the are getting the money they deserve and can spend on infrastructure. will be in lieve it any way economically harmful to rdep it on an inflation adjust basis, as the in-- >> i would just comment, we aven't had an increase in the gas tax in a long time. it's one of the things that we're looking at. t's just one of the issues we haven't made any decisions. >> have you made any determinations of whether or not it would be economically harmful? we've done some analysis on it but it's on a preliminary
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basis and nothing we're prepared right now.n let me take -- yes. update on the monitoring of the china-north korea the lifeline 's for north korea, which is not monitored by any international organization? >> i'm not going to comment on specifically what ability we things and what ability we don't, but i can lot ofyou that we have a capabilities. >> yesterday, prime minister as suggesting that cuts go to ax workers. what's the evidence to suggest is there flow through for workers and secondly, on sanctions, you briefed on those as well. do you expect to have strong support from australia on that? i do, i have flown the prime minister for a long period -- i have known the prime minister a long period of time. he's trying to focus on a very
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similar economic agenda to what we've done. he's explained to me how he's lowered the corporate tax rate on these small and medium size focused and how he's to do it on bigger companies, nd he congratulated us on our success and hopefully that will there.he success for him and we've talked about the statistic in the past. we believe that major part of burden of corporate taxes are borne by the workers and then on north korea, we had a productive discussion on north korea. he's very supportive and we've encouraged him to work with us sanctions in other areas, so very productive discussion. know he's looking forward to today. the president > -- that goes to workers that you mentioned, does that fall other age growth or some dividend? >> it's most wage growth. i want to take one or two more uestions but i don't want to leave here without emphasizing,
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we're working on russian you ions, i can assure that's in the process. the l be back here within next several weeks to talk about hat, but again, i just want to emphasize, i think you know under section 241, we did both the unclassified and classified report, and as i've repeatedly said, we're sanctions, as a follow up to that. we take the last question. >> we'll continue look at election meddling. might just add, we're closely working with the f.b.i. and information as it relates to the recent suit, and as ppropriate, we'll look at sanctioning individuals from the information they have. and i would also just comment, sanctions against one of the very significant list.e that were on their >> didn't change anything. >> thank you, everybody. appreciate your help. russian sanctions, are they having anything to do with north
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steve pointed as out, about the election -- >> again, let me just say quickly, you know, again, as it relates to north korea, we're at everybody the same, so the ability that we have nder north korea is not differentiated by country. we've done over a hundred our ukraine and russia abilities, that we've done since the president has office. we'll continue to look at those abilities as well as the been given under katsa which i think you know had huge bipartisan support on mad -- meddling. you very much. >> saturday is fourth and final conservative ual political action conference. c-span's life coverage begins in he afternoon with a discussion on the second amendment and continues throughout the day with remarks from white house director mulvaney and house intelligence committee
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all life tomorrow eginning at 12:40 p.m. eastern here on c-span. *-*- *-*-. >> c-span's washington journal, impact you.that coming up saturday morning. president of the ver discussing his new book. nancy talks about the potential impact of the artificial politics in on washington. nd president and c.e.o. of outserve sldn on the pentagon's transgender troops policy. to watch c-span's washington journal live at 7:00 morning.aturday join the discussion. >> next, a discussion with the governors of colorado, kansas, and north carolina,


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