"This resolution is the single largest economic sanctions package ever levelled against the North Korean regime".
The U.S. drafted resolution bans North Korea from exporting coal, iron, iron ore, lead, lead ore and seafood - all of which account for about a third of the country's annual export revenue.
With 15 votes in favor, Russian Federation and China backed the US-drafted resolution 2371 which was passed unanimously.
"What I will tell you from the United States' perspective, we're prepared to do whatever it takes to defend ourselves and defend our allies", Haley told CNN.
The document bans North Korean exports of minerals and other raw materials and goods, including coal, iron, lead and seafood. Despite that, Pyongyang has continued developing its nuclear and weapons program.
"The threat of an outlaw nuclearized North Korean dictatorship remains".
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The new measures additionally target the DPRK's use of foreign labor, another of the North Korean government's sources of foreign currency.
If fully implemented, the measures would tighten the economic vise around Pyongyang as it seeks to develop its missile and nuclear programs.
US and Chinese officials don't exactly see eye-to-eye on the prospect of such negotiations.
The State Department has previously ruled out holding any direct talks with North Korea's envoy Ri during Tillerson's stay in Manila.
United Nations members are expected to report in early November on specific steps that have taken to implement the measure. "This was a strong day in the UN, it was a strong day for the United States and it was a strong day for the global community".
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"It's going to hit hard but it's going to make a strong point to North Korea that all this ICBM and this nuclear irresponsibility has to stop". They also depend on how hinges on how stringently China will enforce the bans since it accounts for more than 90 percent of trade with North Korea.
On the political front, the Council calls for resumption of the Six-Party Talks and reiterated its support for the commitments set forth in the Joint Statement of September 2005 issued by China, North Korea, Japan, South Korea, Russia and the US.
Two recent ICBM launches by North Korea prompted a call for action by many United Nations members.
Officials in Washington say Pyongyang's latest missile test a week ago showed it may be able to reach most of the United States. Haley said before entering the chamber to vote.
The Security Council diplomat described the resolution as aimed at the leadership of North Korea, not its people.
The measures are the first of such magnitude to be imposed on the recalcitrant nation since US President Donald Trump took office.
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The comments came as US Secretary of State Rex Tillerson was also the Philippines for the regional summit expected to focus heavily on concerns with North Korea.
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