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Them to continue on the way they are. that's why the secondary sanctions are important. both countries benefit financially from their trade with north korea, china in particular. it's understandable they don't want these sanctions but that's precisely why it might be the best avenue. >> mike: treasury secretary steven mnuchin, they did talk about more sanctions. let's take a listen. >> i'm going to draft a sanctions package sent to the president. anybody wants to do trade or business would be prevented from doing trade or business with us. people need to cut off north korea economically. this ...

>> chris: does that mean when you talk about a new trade sanction package that will be much tougher than we have been so far? on chinese financial institutions, chinese companies? >> we are going to strongly consider everything at this point. and again, i will draft a package for his strong consideration that would go as far as cutting off all trade or other business. this behavior is unacceptable and if countries want to do business with the united states, they obviously will be working with our allies and others to cut off north korea economically.>> chris: as early as a secretary but first ...

For the white house, thank you for that. joining me now treasury secretary steve mnunchin who is a member of the national security council. mr. secretary, i know you have spoken with the president this morning. what is his reaction to the news that north korea has tested another bomb? they say, a hydrogen bomb but certainly its most powerful explosive in 10 or 12 years of testing. >> good morning. i did speak with the president and it is clear that this behavior is completely unacceptable. we have already started with sanctions against north korea but i am going to draft a sanctions passage to...

Profits. was likely as will protect american politicians by sounding tough and not doing much. >> what about the international community. you and nikki haley has called this slated for tomorrow morning, is that the way to get something done and something accomplishment comes to north korea? >> it's a way to symbolically tell the north koreans they don't have support anywhere in the world as long as the sanctions were modest you could probably get china and russia to support them. but, if are going to actually do something about this, it will require us to prevent all trade between china and no...

For the white house, thank you for that. joining me now treasury secretary steve mnunchin who is a member of the national security council. mr. secretary, i know you have spoken with the president this morning. what is his reaction to the news that north korea has tested another bomb? they say, a hydrogen bomb but certainly its most powerful explosive in 10 or 12 years of testing. >> good morning. i did speak with the president and it is clear that this behavior is completely unacceptable. we have already started with sanctions against north korea but i am going to draft a sanctions passage to...