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13 June 2018, 07:43 | Glen Norman
North Korean leader Kim Jong-un visits the Marina Bay Sands hotel in Singapore on Monday
Trump also announced on Tuesday that the us would cease its joint military drills with South Korea - an apparent concession to Pyongyang, which has repeatedly claimed that the drills are merely a pretext for a strike on the North. "We pay for the majority of them", the president said. "There will be many more meetings, much more dialogue, a lot of diplomatic work to be done". "I look forward to further comment and clarification from the president when he gets here".
The KCNA report, as well as the joint statement after the summit, also mentioned that the president had offered North Korea unspecified security guarantees, which Pyongyang considers an indispensable precondition for nuclear disarmament.
But other observers said that the US had given up too much in pledging to end military exercises without obtaining a timeline from the North on how it will give up its nuclear weapons, adding that Trump had already made concessions by agreeing to meet with Kim at all.
The North Korean leader agreed to work toward "complete denuclearization of the Korean Peninsula" in return for security guarantees from the USA as Trump wrapped up his historic summit which he described as "honest, direct and productive".
China shares a border with North Korea and is the country's largest trading partner. Pompeo told reporters that the language used in the document encompassed those demands, even though they weren't spelled out.
"We find it unlikely there will be any other impact on the dry bulk market in the near term", said William Tooth, analyst at Maritime Strategies International. "I am confident that they understand what we're prepared to do, the handful of things that we're likely not prepared to do". He added, "I am equally confident that they understand there will be in-depth verification". I'm here one day. "We assess positively the statement of USA president after the meeting saying that it was inappropriate to hold military exercises during the negotiations".
If China decides to follow Trump's lead and dial back sanctions, then Tooth says North Korea's coal exports could ramp right back up. "Trying to reason with someone like that is like trying to hand feed a shark". There is also speculation that the North Korean leader would visit Beijing on his way back from Singapore or will soon apprise Chinese President Xi Jinping about his talks with Trump. Trump cast that decision as a cost-saving measure, but also called the exercises "inappropriate" while talks continue.
While the USA has yet to confirm the contents of the reports, they suggest that the two leaders reached more verbal agreements than they put on paper, and made public.
With both annual "war games" concluded until 2019, Trump now has time to hammer out a concrete agreement on denuclearization with Kim, details of which were scant in the deal signed between the two leaders. "I would anticipate it will be fairly quickly after we return to our home countries".
The administration's argument is that the incremental approach used by past administrations has allowed North Korea to extract rewards and incentives from the US, only to ultimately renege and refuse to give up its nukes.
Experts say the more preferable outcome for China would be for Trump and Kim to sign a peace treaty that formally ends the Korean War and paves the way for the eventual withdrawal of the 28,500 American troops in South Korea.
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