President Trump Donald John TrumpHR McMaster says president's policy to withdraw troops from Afghanistan is 'unwise' Cast of 'Parks and Rec' reunite for virtual town hall to address Wisconsin voters Biden says Trump should step down over coronavirus response MORE’s administration is weighing sanctions against North Korea in an effort to curb Pyongyang's nuclear program, Reuters reported on Tuesday.

The report says the sanctions would be aimed at placing diplomatic and economic pressure, specifically focused on Chinese banks conducting business with North Korea.

News of the potential sanctions comes after the country’s state media said on Sunday that it conducted a successful rocket test.

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Secretary of State Rex Tillerson Rex Wayne TillersonGary Cohn: 'I haven't made up my mind' on vote for president in November Kushner says 'Alice in Wonderland' describes Trump presidency: Woodward book Conspicuous by their absence from the Republican Convention MORE during his recent trip to East Asia reportedly discussed how to deal with North Korea’s nuclear program with his Chinese counterpart, Foreign Minister Wang Yi. Tillerson at the time said the U.S. would work with China to counter North Korea’s nuclear ambitions.

Trump has said he will not allow North Korea to obtain a nuclear weapon. The president slammed North Korea last Friday, saying it is “behaving very badly.” He also criticized China for doing “little to help.”