“Sometimes you have to walk.” The much-anticipated summit in Hanoi, Vietnam between North Korean leader Kim Jong Un and U.S. President Donald Trump ended early without an agreement. North Korea asked for full sanctions relief, which would have cost the U.S. most of its leverage. The enormity of North Korea’s demands a suggests that Kim believes he is holding all the cards, and Trump’s sudden departure suggests he is calling Kim’s bluff. Notably, however, U.S. Secretary of State Mike Pompeo said that the freeze-for-freeze agreement on military exercises will remain in effect.
China’s disappointment. The Hanoi summit may have dashed some (unfounded) optimism in Beijing. There’s been mounting speculation – fueled by a slew of White House leaks about Trump’s growing impatience with his trade team’s struggles to extract major concessions from China – that the president would be willing to sign a deal that fails to address Washington’s top concerns while giving up
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