financetom
Economy
financetom
/
Economy
/
Contrary to Trump's tweet, North Korea has not agreed to denuclearize
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Contrary to Trump's tweet, North Korea has not agreed to denuclearize
Apr 23, 2018 12:08 AM

President Donald Trump on Sunday claimed North Korea has agreed to "denuclearisation" before his potential meeting with Kim Jong Un. But that's not the case.

Share Market Live

NSE

North Korea said on Friday that it would suspend nuclear tests and intercontinental ballistic missile launches ahead of summits with the U.S. and South Korea. Kim also said a nuclear test site would be closed and "dismantled" now that the country has learned how to make nuclear weapons and mount warheads on ballistic rockets.

But the North has stopped short of saying it has any intention of abandoning its nuclear arsenal, with Kim making clear that nukes remain a "treasured sword."

Trump nonetheless tweeted Sunday that the North has "agreed to denuclearisation (so great for World), site closure, & no more testing!"

Being committed to the concept of denuclearisation, however, is not the same as agreeing to it, as Trump claims.

South Korea, which is set to meet with North Korea later this week, has said Kim has expressed genuine interest in dealing away his nuclear weapons. But the North for decades has been pushing a concept of "denuclearisation" that bears no resemblance to the American definition, vowing to pursue nuclear development unless Washington removes its troops from the Korean Peninsula and the nuclear umbrella defending South Korea and Japan.

South Korea's president has said Kim isn't asking for the withdrawal of U.S. troops from the Korean Peninsula as a condition for abandoning his nuclear weapons. If true, that would seem to remove a major sticking point to a potential disarmament deal.

But that still doesn't address a North Korean arsenal that now includes purported thermonuclear warheads and developmental ICBMs developed during a decades long cycle of crises, stalemates and broken promises.

Trump agreed to meet with Kim after an invitation was delivered by a South Korean delegation that had just returned from Pyongyang.

"I told President Trump that in our meeting, North Korean leader Kim Jong Un said he's committed to denuclearisation," South Korea's national security adviser later told reporters on the White House driveway. "Kim pledged that North Korea will refrain from any further nuclear or missile tests."

A place and date have yet to be set, but Trump's pick to be the next secretary of state, CIA Director Mike Pompeo, traveled to North Korea on Easter weekend to lay the groundwork for the meeting. Trump has called the talks a success, but it's unclear exactly what was agreed to, if anything, as a condition for the leader-to-leader talks.

"Look, this is a great public relations effort by Kim Jong-un. And I think people recognize that," Sen. Bob Corker, R-Tennessee, said Sunday on CNN's "State of the Union." But asked whether be believed the North would denuclearize, Corker offered caution.

"Well, I don't think he said anything about denuclearizing on the front end necessarily," he said.

He added on ABC's "This Week" that it's unrealistic to think that "somebody's going to go in and charm" Kim out of keeping his nuclear weapons.

"Is it realistic that he's just willy-nilly going to do that? Absolutely not," Corker said. "But, you know, progress can be made, freezing the program, who knows what he's — what his ambitions are as it relates to South Korea."

Sen. Tom Cotton, R-Arkansas, was equally as skeptical on CBS' "Face the Nation," arguing that North Korea's recent statements are easily reversible and that no announcement has been made about short- or medium-range ballistic missiles that threaten South Korea and Japan.

"Well, I think this announcement on Friday is better than continued testing, but it's not much better than that," he said. "But I do think they show that the president has put Kim Jong Un on the wrong foot for the first time."

Asked what denuclearization means to both sides, White House Legislative Director Marc Short said on NBC's "Meet the Press" that there needs to be a sit-down meeting to make sure everyone's on the same page.

"But I think from our perspective, it means full denuclearization," he said. "No longer having nuclear weapons that can be used in warfare against any of our allies."

Still, Democratic Sen. Dianne Feinstein, D-California, told CBS that if the president goes through with the meeting, it's "very important" that it "goes well and that there is an ability to put together some terms of an agreement that might exist."

"The question," she said, "is whether it lasts or not. And of course the reputation of the North Koreans has been that they don't necessarily keep their agreements."

First Published:Apr 23, 2018 9:08 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Bitcoin Rebounds to $70K, Shrugging Off Hot U.S. Inflation Print
Bitcoin Rebounds to $70K, Shrugging Off Hot U.S. Inflation Print
Apr 10, 2024
Bitcoin {{BTC}} climbed back to $70,000 Wednesday, reversing its knee-jerk dip following hotter-than-anticipated U.S. inflation data for March. BTC slipped nearly 4% to $67,500 during early U.S. hours after a government report showed the Consumer Price Index (CPI) rising faster than analyst expectations, prompting investors to temper their expectations for rate cuts this year. The dip echoed through multiple asset...
Soaring insurance costs hit as US buyers finally get a break on car prices
Soaring insurance costs hit as US buyers finally get a break on car prices
Apr 11, 2024
(Reuters) - A new form of sticker shock has hit American car buyers like Darin Davis. In January, when the 56-year-old Dallas real estate agent renewed the insurance on the pearly-white 2024 Cadillac XT4 that he bought just a few months earlier, the rate nearly doubled. It takes the fun out of owning a new car when you're paying so...
US Dollar Strengthens Following High Inflation Data
US Dollar Strengthens Following High Inflation Data
Apr 11, 2024
By RoboForex Analytical Department The EUR/USD pair has experienced a significant decline, stabilising around 1.0745 by Thursday. This movement follows the US releasing inflation data that exceeded expectations, underscoring the ongoing battle against inflation. The March consumer price index (CPI) increased by 0.4% month-on-month, matching February's rise but surpassing the anticipated 0.3%. The annual inflation rate intensified to 3.5% from...
Analysis-Unraveling US rate cut bets spur investor portfolio shifts
Analysis-Unraveling US rate cut bets spur investor portfolio shifts
Apr 10, 2024
(Reuters) - Fears of rebounding inflation are forcing investors to prepare for a scenario few expected to confront in 2024: a year without U.S. interest rate cuts. Expectations for how much policy easing the Federal Reserve can deliver are falling rapidly as one strong economic report after another suggests inflation could come creeping back if the central bank lowers borrowing...
Copyright 2023-2026 - www.financetom.com All Rights Reserved