• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipNorth Korea

Donald Trump Declares Military ‘Ready’ After Kim Jong Un Summit Collapses

By
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Bloomberg
Bloomberg
Down Arrow Button Icon
May 24, 2018, 1:59 PM ET

President Donald Trump called the collapse of a planned summit with Kim Jong Un a setback for both North Korea and the world, and said the U.S. military is ready if necessary in the event of a conflict on the Korean peninsula.

“While many things can happen and a great opportunity lies ahead, potentially, I believe this is a tremendous setback for North Korea and indeed a setback for the world,” Trump said at the White House hours after releasing a letter to Kim canceling the meeting.

Trump said he had spoken with Defense Secretary Jim Mattis and the leaders of South Korea and Japan. The U.S. military is “ready if necessary,” he said, and the two Asian allies “are not only ready should foolish or reckless acts be taken by North Korea, but they are willing to shoulder much of the financial cost or burden” of a conflict.

But Trump also held out hope that the June 12 summit in Singapore could get back on track, or that he and Kim could meet in the future. “Nobody should be anxious. We have to get it right,” he said.

South Korean President Moon Jae-In said that peace on the peninsula shouldn’t be abandoned and suggested that Trump and Kim hurt chances for a successful summit by speaking to each other through statements, tweets and spokespeople.

“It’s hard to resolve the diplomatic issue, which is both difficult and sensitive, with current way of communication,” Moon said in a statement. “I wish the leaders would have a more direct and closer conversation to deal with it.

Trump sounded a positive note as he left a bill signing event, telling reporters “the dialogue was good until recently” with Kim. And “Kim Jong Un wants to do what’s right,” adding, “I really believe that.”

“It’s only recently that this has been taking place and I think I understand why it’s been taking place,” he said. He declined to explain further, but Trump said earlier this week that planning for the summit had been proceeding well until Kim met May 8 with his closest ally, Chinese President Xi Jinping, who is negotiating a trade dispute with Trump.

China wasn’t surprised by the collapse of the summit given recent signals that had come from Trump, a government official said. The official asked not to be identified commenting on the matter.

‘Open Hostility’

In his letter to Kim pulling out of the summit, Trump cited “tremendous anger and open hostility” in recent statements from Pyongyang.

North Korea hardened its rhetoric toward the U.S. earlier Thursday, lashing out after remarks by Vice President Mike Pence and the White House national security adviser, John Bolton, that had linked the country with Libya. Choe Son Hui, vice-minister of foreign affairs, called Pence a “political dummy” and his comments “unbridled and impudent,” according to an English-language statement from North Korea’s state-run KCNA.

Choe warned her nation was prepared for a “nuclear-to-nuclear” showdown if the U.S. didn’t follow through on the summit. “We can also make the U.S. taste an appalling tragedy it has neither experienced nor even imagined up to now,” she said, warning that she would recommend Kim cancel the summit if U.S. officials didn’t curb their language.

Trump beat Kim to it, issuing his own threat. “You talk about your nuclear capabilities, but ours are so massive and powerful that I pray to God they will never have to be used,” Trump wrote.

Stocks declined on the news, with the S&P 500 index down 0.3 percent at 12:28 p.m. New York time.

Pyongyang Silence

With the meeting abandoned — at least temporarily — the next steps are unclear. Trump has said the U.S. would continue exerting maximum economic pressure on Kim and his regime.

Secretary of State Mike Pompeo told the Senate Foreign Relations Committee shortly after the letter was released that he was “still optimistic” the U.S. and North Korea would reach a historic deal.

Pompeo said the U.S. had tried in recent days to put teams together to prepare for the meeting and “we had received no response to our inquiries from” the North Korean government.

South Korean President Moon Jae-in called top aides to an emergency meeting late Thursday in Seoul to discuss the developments. Kim Eui-kyeom, a spokesman for Moon, said in a text message that his government is still “trying to figure out” Trump’s intentions.

“We can expect North Korea will condemn the decision in strong terms and cast blame on the United States for throwing away a good thing through its actions,” said Mintaro Oba, a former U.S. State Department official who worked on North Korean issues. “That does raise concerns that Trump will respond in a way that further escalates tension to ‘fire and fury’ levels and beyond.”

Denuclearization Stumble

The highly anticipated summit had been cast by the White House as an opportunity to stave off a military conflict with North Korea and showcase Trump’s ability to make progress where his predecessors had struggled. The president has openly entertained the idea that he could have been awarded the Nobel Peace Prize had the meeting led to a peace agreement between North Korea, the U.S. and South Korea. The countries are technically still at war.

But Trump ultimately ran into the same diplomatic quandary that has flummoxed U.S. presidents for the past 25 years: the inability to persuade a stubborn regime to give up a nuclear program that it regards as key to its survival.

Richard Haas, president of the Council on Foreign Relations and a former senior State Department official under President George W. Bush, said in a tweet that the summit “was bound to fail” because the Trump administration “badly overestimated what NK would agree to; the issue was/is US willingness to accept an outcome short of total denuclearization.”

“All or nothing foreign policy w NK, Iran, China trade risks producing nothing or conflict,” Haas added.

About the Author
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

C-SuiteFortune 500 Power Moves
Fortune 500 Power Moves: Which executives gained and lost power this week
By Fortune EditorsMarch 13, 2026
22 minutes ago
Chresten Wilson in an airplane cockpit
SuccessCareers
Meet Chresten Wilson, the airline captain set to become United’s most senior female pilot ever—the job pays $400K and doesn’t require a college degree
By Preston ForeMarch 13, 2026
49 minutes ago
Stressed worker on laptop
SuccessWork
AI isn’t reducing workloads for employees, it’s straining them—time spent on emailing has doubled, while deep-focus work has fallen by 9%
By Emma BurleighMarch 13, 2026
2 hours ago
shetti
CommentarySoftware
Why right now is the best time ever to work in software
By Milan ShettiMarch 13, 2026
4 hours ago
C-SuiteNext to Lead
Meet the executive behind AT&T’s $250 billion bid to become essential AI infrastructure
By Ruth UmohMarch 13, 2026
4 hours ago
C-Suitechief executive officer (CEO)
CEOs are mandating that employees use AI. They’re hardly using it themselves
By Claire ZillmanMarch 13, 2026
5 hours ago

Most Popular

placeholder alt text
Economy
'This cannot be sustainable': The U.S. borrowed $50 billion a week for the past five months, the CBO says
By Eleanor PringleMarch 10, 2026
3 days ago
placeholder alt text
Personal Finance
The national debt isn't $39 trillion. One economist says it's actually $100 trillion
By Nick LichtenbergMarch 13, 2026
10 hours ago
placeholder alt text
AI
'Proceed with caution': Elon Musk offers warning after Amazon reportedly had mandatory meeting to address 'high blast radius' and AI-related incidents
By Sasha RogelbergMarch 11, 2026
2 days ago
placeholder alt text
North America
The U.S. Mint dropped the olive branch from the dime. What does that mean for the country?
By Catherina GioinoMarch 12, 2026
18 hours ago
placeholder alt text
Future of Work
'I don't know if we're ready': Governors from each party appalled at 100-year-old federal workforce strategy
By Catherina GioinoMarch 12, 2026
1 day ago
placeholder alt text
AI
Morgan Stanley warns an AI breakthrough Is coming in 2026 — and most of the world isn't ready
By Nick LichtenbergMarch 13, 2026
10 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.