June 20, 2019
Latest News

Trump suggests smaller deals with North Korea, but remains firm on sanctions

By Lucia Leal.

Washington, Apr 11 (efe-epa).- President Donald Trump on Thursday opened the door to "smaller deals" with North Korea that do not necessarily have anything to do with denuclearization but he remained firm on his refusal to make economic concessions to Pyongyang amid the concerns South Korea has about the bilateral dialogue.

Trump welcomed South Korean President Moon Jae-in to the White House and expressed optimism about the process of easing tensions on the Korean Peninsula despite the failure of his second summit with North Korean leader Kim Jong-un in Hanoi in late February.

"A third summit could happen," said Trump, regarding another meeting with Kim, adding "It's not a fast process. I've never said it would be. It's step by step.

Trump also did not rule out a trilateral meeting with the two Korean leaders and himself.

Moon traveled to Washington with the aim of pushing forward the stalled process of relaxing tensions with North Korea and, according to press reports, he wanted to convince Trump to be open to a gradual lifting of sanctions on Pyongyang to allow, at least, the resumption of inter-Korean economic cooperation projects.

Trump, however, seemed to close the door to that possibility in his remarks to reporters in the Oval Office when he said that "at the right time, I would have great support" for lifting sanctions, but adding: "This isn't the right time."

Specifically, South Korea would like the US to push for exemptions in the United Nations sanctions on Pyongyang's weapons testing with the aim of reopening the Kumgang hotel complex and the Kaesong industrial complex, both located in North Korean territory and closed since 2008 and 2016, respectively.

Trump also appeared to be firm in his stance that Washington will keep its sanctions on North Korea in place until the denuclearization process concludes.

"We want sanctions to remain in place. ... I had the option of significantly increasing them. I didn't want to do that because of my relationship with Kim Jong Un," Trump said in response to a reporter's question.

"I think that sanctions are, right now, at a level that's a fair level. And I really believe something very significant is going to happen. We could always increase them, but I didn't want to do that at this time," he added.

However, Trump did indicate that he could consider certain measures that would be designed to build confidence and foster dialogue, although he did not specify what those measures are.

"There are various smaller deals that maybe could happen. Things could happen. You can work out, step by step, pieces. But, at this moment, we're talking about the big deal. The big deal is we have to get rid of (North Korea's) nuclear weapons," he said.

Trump also said that he would speak with Moon about possible "humanitarian" gestures toward North Korea, recalling that Seoul had taken measures to "help out with food" and certain other measures.

During the press conference, Trump praised Kim, saying that he enjoys being with him, and the North Korean leader this week avoided directly criticizing Washington during an appearance before the Central Committee of the North Korean workers party, calling instead for guaranteeing the "self-sufficiency" of North Korea in the face of foreign sanctions.

Although both the US and North Korean leaders appear to be willing to go through a lengthy negotiation process, if necessary, contact between the two governments has been minimal since the failed Vietnam summit and the US has not received a response to its offer to resume negotiations at the working team level, according to The Washington Post.

Amid this climate of uncertainty, Moon - who last year became the driving force behind the process to relax tensions - on Thursday at the joint White House press conference tried to transmit optimism, saying that "I believe that the Hanoi Summit ... was not a source of disappointment, but ... is actually the part of a bigger process that will lead us to a bigger agreement."

"The important task that I face right now is to maintain the momentum of dialogue and also express the positive outlook, regarding the third US-North Korea Summit, to the international community, that this will be held in the near future."

News history
Gaudi, flamenco and sun: Spain is sold in China as the ideal film set

By Paula Escalada Medrano.

34th ASEAN summit kicks off in Bangkok with economy, security topping agenda

By David Latona

Mexico's Senate ratifies USMCA in extraordinary session

Mexico City, Jun 19 (efe-epa).- Mexico's Senate on Wednesday ratified a trilateral trade deal meant to supersede the North American Free Trade Agreement...

Fed keeps US interest rates unchanged

Washington, Jun 19 (efe-epa).- The United States Federal Reserve on Wednesday left its benchmark interest rate unchanged despite President Donald Trump's...

What to know about Libra cryptocurrency

New York (USA), Jun 19 (efe-epa).-Facebook just disclosed the first details of its long-anticipated cryptocurrency, called Libra, according to a Dow Jones...

Xi, Trump hold telephone conversation ahead of G20 Summit

Beijing, Jun 19 (efe-epa).- The presidents of China and the United States held a telephone conversation about the ongoing tariff dispute between the two...

Japan's exports fall for sixth straight month in May

By Mayumi Negishi

Bolivia inaugurates its 1st capsule hotel

La Paz, Jun 18 (efe-epa).- Comfort and a futuristic style come together in Bolivia's first capsule hotel, which starting this Tuesday will offer lodging to...

Trump's trade rep sees progress on quick USMCA pact approval

Washington, Jun 18 (efe-epa).- US Trade Representative Robert Lighthizer on Tuesday emphasized his office's "constructive" talks with Democratic lawmakers...

Trump says he'll meet with Xi at G20

Washington, Jun 18 (efe-epa).- President Donald Trump said Tuesday that he would have "an extended meeting" with his Chinese counterpart, Xi Jinping, at the...

Facebook reveals Libra, ambitious foray into world of digital currency

San Francisco (USA), Jun 18 (efe-epa).- Facebook on Tuesday unveiled plans to launch a digital currency called Libra which will allow people to send money...

Bitcoin tops $9,000 as crypto rally trounces stocks

Hong Kong, China, Jun 18 (efe-epa).- The price of bitcoin has risen above $9,000, extending a rebound that has made cryptocurrencies far outperform...

Paris air show opens with Airbus advantage over Boeing

By Angel Calvo

Indian doctors stage strike demanding security at hospitals

New Delhi, Jun 17 (efe-epa).- Doctors across India on Monday went on strike to protest against the lack of security after a mob attacked healthcare...

London-Shanghai stock link opens, uniting British and Chinese exchanges

London, Jun 17 (efe-epa).- The London-Shanghai Stock Connect began operating on Monday, joining the British and Chinese stock exchanges for the first time...

Iran to exceed enriched uranium stockpile limits in 10 days

By Marina Villén

Southeast Asia side-steps US-China war over 5G technology

By Gaspar Ruiz-Canela.

Huawei revenue $30 billion less than forecast, founder says

Beijing, Jun 17 (efe-epa).- Huawei’s founder and CEO on Monday said the Chinese telecom giant’s revenues will be $30 billion less than expected over the...

Electricity restored in Argentina after historic blackout

Buenos Aires, Jun 16 (efe-epa).- A massive failure in the electrical grid caused Argentina to wake up Sunday on Father's Day and with elections in four...

Colombian agency makes investment pitch in New Zealand and Australia

Bogota, Jun 16 (efe-epa).- A delegation from Invest in Bogota, which promotes investment in Colombia's capital, is meeting with investors in New Zealand and...

Argentina recovers electricity after massive Father's Day blackout

Buenos Aires, Jun 16 (efe-epa).- Argentines woke to a massive blackout on Sunday - when the country was both celebrating Father's Day and four provinces...

Village in Lebanon marks Cherry Day with abundant harvest

The village of Hammana, southeast of Beirut, Lebanon is known for its cherries blooming and has celebrated Cherry Day for fifty years.

Citroën marks 100 years of innovation with public display in Paris

By Marta Garde

1 Miner rescued in northern Chile, another found dead, a third missing

Santiago, Jun 15 (efe-epa).- Of a group of three Bolivians trapped inside a mine in northern Chile, one has been rescued alive, a second was found dead and...

I agree Welcome to news4europe.eu. We use cookies to improve your online experience. Find out more.