South Korea

Trump, North Korea both hint at third summit

President Trump at a summit meeting with North Korea's Kim Jong Un
Photo: Vietnam News Agency/Handout/Getty Images

President Trump tweeted on Saturday morning signaling that he's ready for a third summit with North Korea's Kim Jong Un, stressing the two have an "excellent" relationship.

The backdrop: Hours earlier, Kim said he was prepared for another meeting with Trump as well, but stipulated that the U.S. has until the end of the year for the sit-down, noting the most recent summit ended without agreement, reports Al-Jazeera. "It is essential for the U.S. to quit its current method and approach us with a new one," Kim said in a speech to the Supreme People's Assembly on Friday. Earlier this month, Secretary of State Mike Pompeo said he's "confident" another meeting between the U.S. and North Korea will take place, per Politico.

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Report: Trump plans premium for countries hosting U.S. troops

 United Nations Command honour guards hold flags during a repatriation ceremony for the remains of an unidentified Korean War UN forces soldier at a US Army base in Seoul on November 20, 2018.
U.N. Command honor guards hold flags during a repatriation ceremony for the remains of an unidentified Korean War soldier at a U.S. Army base in Seoul. Photo: Jung Yeon-je /AFP/Getty Images

The Trump administration plans to demand that any country hosting U.S. troops on its soil cover their cost — along with an at least 50% premium for "the privilege of hosting them" — according to a Bloomberg report.

Why it matters: Bloomberg reports that President Trump wants to use this "Cost Plus 50" formula as a tool for increased defense revenue, but it could cause close allies like South Korea and Germany to spend up to as much as 5 or 6 times more to host American troops. Last month, South Korea agreed to pay the U.S. almost $1 billion to station U.S. troops — a sharp increase from the previous $800 million agreement.

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