"The United States is prepared to use the full range of our capabilities to defend ourselves and our allies," U.S. Ambassador Nikki Haley says

|The United States will present to the U.N. Security Council a draft resolution imposing new sanctions on North Korea after it launched its first intercontinental ballistic missile, U.S. Ambassador Nikki Haley said on Wednesday.

“North Korea's launch of an ICBM is a clear and sharp military escalation,” Ms. Haley told an emergency meeting of the Council.

"In the coming days, we will bring before the Security Council a resolution that raises the international response in a way that is proportionate to North Korea's new escalation," she said.

Ms. Haley said she had spoken to President Donald Trump earlier in the day about using trade restrictions to target countries that continue to have dealings with North Korea.

"The United States is prepared to use the full range of our capabilities to defend ourselves and our allies," she said.

"One of our capabilities lies with our considerable military forces. We will use them if we must. But we prefer not to have to go in that direction," Ms. Haley said.

"We have other methods of addressing those who threaten us, and of addressing those who supply the threats. We have great capabilities in the area of trade," she added.

The Council was meeting in an emergency session called by the United States, Japan and South Korea to agree on a response to the ICBM test on Tuesday that experts said was capable of reaching Alaska.

France said it backed plans for a new resolution that Ambassador Francois Delattre said should "clearly support tightening and strengthening sanctions against the North Korea regime."

The Security Council adopted two sanctions resolutions last year to ramp up pressure on Pyongyang and deny leader Kim Jong-Un the hard currency needed to fund his military programs.

Those resolutions provided for significant curbs on North Korea's coal exports, a major source of revenue, restrictions on banking and mandatory searches of all cargo to and from North Korea.

In all, six sets of sanctions have been imposed on North Korea since it first tested an atomic device in 2006.