Trump Cancels US-North Korea Summit

(Photo: Donald Trump's Twitter)

JAKARTA (TheInsiderStories)–US President Donald Trump cancelled a meeting with the North Korea leader Kim Jong Un.

The meeting, scheduled for June 12 in Singapore, is intended to detract the Pyongyang‘s nuclear threat. The decision is taken after North Korea detonated explosives to destroy tunnels and buildings at the nuclear site in the country’s remote mountains on Thursday (24/05), to ensure the transparency discontinuance of nuclear test.

Trump cancelled the summit via a letter released by the White House. The decision came after North Korea violated a series of promises and cut off direct communication with the US, as quoted by Reuters.

On Thursday (24/05), Pyongyang criticized US Vice President Mike Pence as a “political puppet” for comparing them to Libya, saying his comments were “dumb and stupid,” and threatened to cancel the meeting with Trump.

In addition, Pyongyang has not responded to queries regarding the logistics preparation for the leader’s summit in recent days, US Secretary of State Mike Pompeo told a Senate hearing.

In response to Trump, a top official of North Korea’s Foreign Ministry Kim Kye Gwan said in comments published by the state-owned news agency KCNA on Friday (25/05) that Kim Jong Un is still willing to meet Trump at any time and in any way. He said the cancellation counters the world hope for peace in the Korean Peninsula.

“We reiterate to the US that we are willing to sit face to face at any time and in any way,” said Kim, who has negotiated with US counterparts for years.

“I would like to conclude that President Trump’s statement on the North Korea-US summit is a decision that is not in line with the wishes of the who hope for the peace and stability of the Korean peninsula as well as the world.”

The cancellation coupled with the threat of imposition of a tariff on vehicle imports drove the Wall Street down on Thursday (24/05). The Dow Jones index down 0.3 per cent or 75.05 points to 24,811.76, the S&P 500 index slipped 0.20 per cent or 5.53 points at 2,727.76, while the Nasdaq Composite closed down 0.02 per cent or 1.53 points at 7,424.43.

In addition, the cancellation also brings effect to the European capital market with London and Frankfurt exchange dropped by almost 1 per cent.