WATCH: President Trump announces sanctions on Iran, North Korea, China

By Michael Birnbaum/Reuters President Donald Trump on Tuesday signed new sanctions against the Islamic Republic of Iran, China, and North Korea.

The president said the measures will impose penalties on their leaders and on entities that support terrorism.

The sanctions will also impose financial and other penalties.

The new sanctions are a direct response to Iran’s continued pursuit of nuclear weapons and ballistic missiles.

The U.S. Treasury Department also announced Monday that it had designated North Korea’s oil-trading agency as a money laundering and terrorist financing organization.

The sanctions also targeted a network of Chinese individuals and entities and a North Korean entity associated with Kim Jong Un.

The U.N. Security Council approved the sanctions last month in a vote that also condemned North Korea for testing ballistic missiles and launching an intercontinental ballistic missile (ICBM).

The U,S., China, Russia, France, and the European Union unanimously adopted a resolution last week demanding that North Korea end its nuclear and missile programs.

The United States and China have also proposed sanctions on North Korea but have not yet been confirmed by the U.K. The European Union has also announced sanctions against Iran.