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Kim's choice for Trump: the summit or Bolton’s approach

South Korean peace activists hold placards reading 'Stop! Max Thunder,' during a rally denouncing South Korea-US joint military drills, in front of the US embassy in Seoul on May 16, 2018.
A protest in Seoul on May 16, 2018, over the joint South Korea–U.S. military drills. Photo: Jung Yeon-Je/AFP via Getty Images

North Korea canceled talks with South Korea this week in response to joint U.S.–South Korea military drills and has also put next month's U.S.–North Korea summit in doubt.

The big picture: North Korea seems to be insisting on two conditions for the U.S. summit it believed to have been previously established: U.S.–South Korea exercises will exclude threatening military power, and the U.S. will enter denuclearization negotiations in good faith.