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Illustration: Lazaro Gamio/Axios

President Trump prides himself on negotiating savvy. But North Korea is trying to outfox him with a return to harsh public rhetoric immediately after the first overnight visit by Secretary of State Mike Pompeo, who came with press in tow.

The big picture: But then Pyongyang issued a statement accusing Pompeo of trying to jam them with denuclearization demands: "The U.S. is fatally mistaken if it went to the extent of regarding that [North Korea] would be compelled to accept, out of its patience, demands reflecting its gangster-like mindset."

This was entirely predictable, and was predicted by experts:

  • People who’ve worked with the president, both at the Trump Organization and in the White House, say he viscerally fears being played for a sucker and humiliated.
  • But Trump has made himself quite vulnerable to embarrassment in the North Korea talks, which suggests he won’t have a great deal of patience for the entirely predictable shenanigans from Pyongyang.
  • Remember how abruptly he cancelled (and then reinstated) the talks when Kim insulted Vice President Pence? We’re now in a situation where China could “rescue” the talks and leverage its power with North Korea to get a better trade deal by doing so.
  • The bottom line: There’s a long road ahead to any satisfactory peace deal with North Korea; but a very short road to renewed hostilities. Should a few more things go wrong, Trump could swing abruptly against Kim Jong-un.

A smart reading-between-the-lines of the North Korean statement comes from Vipin Narang, an MIT specialist on North Korean nukes, who tweeted:

  • "This is not the end of the process. It’s a negotiating tactic, but signals several serious things: (1) We aren’t unilaterally disarming. Stop saying it. Stop asking for it. Never going to happen. (2) Any other stuff short of that? Gonna cost you chief. And burn a lot of clock."

Be smart ... Frank Lavin, former Singapore ambassador under George W. Bush and former National Security Council summit organizer, tells me:

  • "The more the Trump administration celebrates any success, the more North Korea is disincentivized from actually delivering."
  • "A public proclamation of a triumph takes North Korea off the hook."
  • "Better for Trump to understate the North Korea talks and label them the first step of a long journey."
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Go deeper

Biden's reengineer-America moment

Illustration: Sarah Grillo/Axios

The Senate's bipartisan $1.2 trillion infrastructure bill and President Biden's $3.5 trillion spending package could live or die this week — and take Democrats' fortunes with them. But all the minute-by-minute political drama obscures how much America could change if even a fraction of it passes.

The big picture: Anything short of total failure could have a transformative impact on day-to-day life — from how we move around to our access to the internet, paid family leave and child care, health care and college.

Dan Primack, author of Pro Rata
50 mins ago - Economy & Business

Pandemic concerns change economic growth forecast

Illustration: Sarah Grillo/Axios

Business economists have tempered their 2021 growth expectations, cutting nearly a point off their annual GDP forecast since earlier this year, according to the NABE outlook survey released today.

Why it matters: This reflects increased concerns over the pandemic's impact on the economy, particularly due to the spread of Delta and other variants. Panelists said that a faster vaccine rollout could improve their outlooks.

Updated 2 hours ago - World

German election: Social Democrats narrowly beat Angela Merkel's bloc

SPD leader Olaf Scholz. Photo: Sean Gallup/Getty Images

BERLIN — The center-left Social Democratic Party (SDP) clinched a narrow victory in Germany's historic federal elections on Sunday, just four years after suffering its worst loss since World War II.

Why it matters: It's a stunning political comeback for the SPD, paving the way for its chancellor candidate Olaf Scholz to form a new governing coalition and lead Europe's largest economy into the post-Merkel era.

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