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Illustration: Lazaro Gamio/Axios

President Trump views the North Korean crisis as his “great man” of history moment.

The big picture: He came into office thinking he could be the historic deal maker to bring peace to the Middle East. He’s stopped talking about that. There’s very little point. The peace deal looks dead and cremated. But Trump wants to sign his name even larger into the history books, and he views North Korea as his moment.

  • Sources close to him say he genuinely believes he — and he alone — can overcome the seemingly intractable disaster on the Korean Peninsula.
  • A source who has discussed North Korea with Trump: “He thinks, ‘Just get me in the room with the guy [Kim Jong-un] and I’ll figure it out.’”
  • But, but, but: His aides are much more skeptical, and some believe the idea of meeting with Kim Jong-un is naive and guaranteed to be fruitless.

Trump “definitely thinks it’s a duel of personalities,” says another source familiar with his thinking about North Korea:

  • “There are important strategic considerations ... but he also very much conceives it as a test of wills and of a contest of one man and another. How they’re going to react, how they’re going to shadow box with each other, and ultimately how they’re going to choose to act.”
  • “During the war of insults between Trump and Kim last year, Trump’s tweets and ‘little Rocket Man’ were pretty carefully calibrated — in his mind, was more intentional, not just popping off.”
  • “He never clearly articulated what he was trying to do. But it seemed he wanted to demonstrate he and the U.S. were unafraid, prepared to take whatever steps necessary and were willing to be direct. He wanted to show dominance over Kim.”
  • “This was something he took a personal interest in and was personally invested in. I’m not sure people thought it was a coherent strategy, and certainly I don’t think the Pentagon signed off on it.”

Be smart: Trump mostly projects strength internally. But there’s also been at least one quiet moment when a source saw Trump reflect on how he doesn’t know what Kim is capable of.

  • That happened during the escalating verbal sparring between Kim and Trump last year: “The stakes had moved so far beyond what he’s dealt with before, he definitely became aware of that.”

P.S. Trump on his planned summit with North Korea, speaking last evening at a joint press conference at Mar-a-Lago with Japanese Prime Minister Shinzo Abe:

  • " If we don't think it's going to be successful, ... we won't have it. ... If I think that it's a meeting that is not going to be fruitful, we're not going to go. If the meeting, when I'm there, is not fruitful, I will respectfully leave the meeting."

Go deeper

Local news moves to the inbox

Illustration: Annelise Capossela/Axios

A slew of new companies are launching platforms for local newsletters, a shift that could help finally bring the local news industry into the digital era.

Driving the news: Substack, the email publishing platform for independent journalists, on Thursday announced a new local news platform.

J&J vaccine pause hurts its reputation

Reproduced from Economist/YouGov poll; Chart: Axios Visuals

Americans' confidence in the safety of Johnson & Johnson's coronavirus vaccine took a big dip this week after the pause in its use, per new YouGov polling, even though the risk of blood clots following the shot is extremely low, if it exists at all.

Why it matters: For the majority of people, particularly high-risk Americans, getting the J&J shot is almost certainly less dangerous than remaining vulnerable to the coronavirus.

Felix Salmon, author of Capital
2 hours ago - Economy & Business

Inflation will rise. Don't panic

Illustration: Annelise Capossela/Axios

It's been 40 years since America last saw a damaging level of inflation. Yet despite that — or perhaps because of it — inflation fears are widespread, and could even become self-fulfilling.

Why it matters: The government's strategy for bringing back employment and widespread prosperity involves a necessary — yet temporary — increase in inflation. When an entire generation has never experienced such a thing, that can be disconcerting. And for the time being, Americans are not buying what the government is selling.