Trump cancels summit with Kim Jong-un
President Trump announced the cancellation of his scheduled June 12 summit with North Korean leader Kim Jong-un in a letter released this morning by the White House.
- Between the lines: This had been billed as an unprecedented and historic summit, and a chance for a long-sought breakthrough with North Korea. Kim Jong-un had threatened to cancel it, now President Trump has gone ahead and done it. He's saying he's open to meeting in future, but only on his terms. Markets fell sharply on the news, and tensions with Pyongyang are likely to ratchet up — and quickly.
- Our thought bubble, from Jonathan Swan: Beyond the very serious geopolitical stakes, this move is pure Trump. A theatrical withdrawal from a potential “deal," and reminder to Americans that he milked his adversary and gave them nothing in return. He thanks them for the release of the American hostages, reminiscent of how Trump used to privately gloat to business associates when he’d really taken somebody for a ride on a deal.