Trump Leaves Future of North Korean Summit in Kim Jong-un's Hands
*By Alisha Haridasani*
Though President Trump abruptly canceled his planned meeting with North Korea's Kim Jong-un, there's still a possibility the highly-anticipated summit could take place in the future, if the two sides can tamp down their antagonism and agree to a framework for denuclearization, analysts said.
In a [letter](https://twitter.com/realDonaldTrump/status/999686062082535424) Thursday to the North Korean leader, Trump said, “it is inappropriate, at this time, to have this long-planned meeting.” The summit was scheduled to take place on June 12 in Singapore.
"The North Koreans have two choices: They can either choose to overreact and perhaps engage in a heated rhetorical exchange with President Trump in the future," said Lisa Collins, a fellow at the Korea chair at the Center for Strategic and International Studies. "Or they can play it cool and engage with the Trump administration in back-channel communications."
South Korean President Moon Jae-in, a crucial player in setting up the summit, was taken by surprise, describing the abrupt turn of events as “very regretful and disconcerting.”
Trump's letter was sent just hours after North Korea threatened to scuttle the meeting, and several antagonistic comments by Kim, which may have prompted the president to get ahead of the devolving diplomatic situation.
North Korea's threats were inspired, in part, by Vice President Mike Pence’s comments on Fox News on Monday where he warned that if the country doesn’t agree to denuclearization, it would meet the same fate as Libya.
Pence was referring to the case of the former Libyan leader Moammar Gadhafi, who was captured and killed by rebels in 2011 during the Arab Spring. The country had given up its nuclear arsenal in 2003, and the United States helped rebel groups topple him eight years later.
The comments alarmed Kim, who has made clear he would not agree to any sort of regime changes.
“North Korea, on its own side, has referred to denuclearization as a process by which the U.S. first guarantees its security,” Collins said in an interview with Cheddar.
Trump’s letter was a mix of praise for Kim and forceful language. He thanked North Korea for releasing American hostages and reminded Kim that the U.S. nuclear arsenal is “so massive and powerful.”
Trump did, however, keep the door open for a future summit.
“There’s still room for them to agree to have a meeting in the future, it just depends on whether can narrow their difference,” Collins said.
For the full interview, [click here](https://cheddar.com/videos/trump-cancels-summit-with-north-korea).
Student loan collection company Navient agreed to cancel $1.7 billion in debt and paid more than $140 million in other penalties to settle a lawsuit over abusive lending practices. Josh Shapiro, the attorney general of Pennsylvania who led negotiations in the settlement, joined Cheddar to go over the details of the company's predatory lending. "What Navient would do is charge [borrowers] these exorbitantly high rates, even though they knew people couldn't pay them or they would likely default on them," he explained.
The January 6 committee has subpoenaed four tech giants for more information on what they did and didn't do leading up to last year's deadly Capitol insurrection. Google, Facebook, Twitter, and Reddit were asked to assist the investigation in August, but the committee says their responses have been 'inadequate.' Craig Timberg, a national technology reporter at the Washington Post, joins Cheddar News' Closing Bell for more details about the subpoenas, why this is happening now, and how it might impact social media companies moving forward.
With the Australian Open set to begin on Monday, Novak Djokovic is once again being threatened with deportation from Australia after his visa was briefly reinstated and revoked again over alleged discrepancies. Djokovic’s team will sit for an Immigration hearing on Saturday.
Makena Kelly, politics reporter at The Verge, joins Cheddar News to discuss what's next for net neutrality as Biden's other nominee for the FCC, Gigi Sohn, awaits votes from the committee and Senate.
Jewell Jackson McCabe, chair of the Keep Love Alive Campaign and founder of the National Coalition of 100 Black Women, and Marvin Owens, chief engagement officer of Impact Shares and former senior director of Economic Development at the NAACP, join Cheddar News to reflect on racial issues still prevalent in America.
Hagar Chemali, Host of 'Oh My World' on Youtube and Former Spokesperson for the U.S. mission to the UN, joined Wake Up With Cheddar to share her expert insight into what the future of diplomacy could look like as the Russia-Ukraine crisis deepens.
Markets opened higher on the first trading day of the new year as investors continue to watch inflation and the rapid spread of the omicron variant in the U.S. Frances Newton Stacy, Optimal Capital Dir. of Strategy/Market Analyst joined Cheddar's Opening Bell to discuss.
Markets opened lower this morning as investors rounded out a wild 2021. Jay Hatfield, CEO Infrastructure Capital Advisors, joined Cheddar's Opening Bell to discuss which sectors and industries to watch in the new year.
Markets opened higher as investors react to positive data on the labor front, with weekly jobless claims falling to 198,000 for the week ending December 25. Ross Mayfield, investment strategy analyst at Baird joined Cheddar's Opening Bell to discuss the market open.
