*By Kavitha Shastry* President Trump and the North Korean leader Kim Jong-un signed a joint statement Tuesday that calls for North Korea "to work toward complete denuclearization of the Korean Peninsula. " The two heads of state agreed to the statement after a meeting in Singapore, where Trump and Kim greeted each other with a handshake in front a wall of red, white, and blue flags representing both countries. It was the first time a sitting U.S. president had met a North Korean leader. Their four-hour meeting included only translators to facilitate the conversation ー no advisors. After the meeting, Trump told reporters that he was suspending U.S. military exercises with South Korea, and he was confident that Kim would live up to his commitment to dismantle North Korea's nuclear arsenal "very quickly." Marc Lotter, a former aide to Trump and Vice President Mike Pence, called the apparent agreement a "remarkable transformation" of relations between the two countries. "I'll tell you, a little over a year ago, I was on Air Force Two with the Vice President, heading to Asia, when North Korea launched and tested a ballistic missile," Lotter said Tuesday in an interview with Cheddar's J.D. Durkin. "We were in the air at the time. And now to come a year later, 14 months, and see where we're standing, this is a remarkable transition, it's a remarkable transformation." The joint statement, which Trump described as "very comprehensive," called for follow-up negotiations between Secretary of State Mike Pompeo and a North Korean official to begin "at the earliest possible date," but there was no specific timeline. The statement signed in Singapore sets the stage for what's expected to be a long negotiation. Trump's comment to reporters after the summit meeting that the U.S. would [cease military drills](https://qz.com/1303123/trump-gave-north-korea-a-huge-concession-by-committing-to-cease-military-drills-with-south-korea/) with South Korea seemed to be a significant concession not specified in the joint statement. “We will be stopping the war games, which will save us a tremendous amount of money, unless and until we see that the future negotiation is not going along like it should,” Trump said. “But we’ll be saving a tremendous amount of money. Plus I think it’s very provocative.” Trump also said that the process of denuclearization in North Korea would be a prolonged process. "Well, you know, scientifically, I've been watching and reading a lot about this, and it does take a long time, you know, to pull off complete denuclearization," he said. Barbara Demick, a reporter for the Los Angeles Times, said in an interview Monday with Cheddar, that the process could take 15 years. "I don't think the U.S. trusts North Korea at this stage," she said. "I know North Korea does not trust the United States. So it will have to be part of a process." Already, the process of engagement between the U.S. and North Korea has taken a sharp turn from a year ago, when a series of missile tests by North Korea threatened to escalate hostilities, and Trump issued ultimatums to Kim on Twitter, calling him "Little Rocket Man." After Tuesday's summit, Trump described the meeting as "fantastic," and said that Kim has accepted an invitation to the White House, "at an appropriate time". When asked how the U.S. could ensure that North Korea would dismantle its nuclear weapons, [he responded:](https://www.theguardian.com/us-news/2018/jun/12/us-to-suspend-war-games-with-south-korea-donald-trump-kim-jong-un-north-summit) “Can you ensure anything? You can’t ensure anything. I just feel very strongly -- my instincts, my ability, my talent -- that they want to make a deal.” Trump also [recounted an exchange](https://www.nytimes.com/2018/06/11/world/asia/trump-kim-live-updates.html) he had with Kim in which he used his real estate background to convince the North Korean leader of the benefits of normalized relations. “As an example, they have great beaches," Trump said. "You see that whenever they’re exploding their cannons into the ocean. I said, ‘Boy look at that view. Wouldn’t that make a great condo?’” “You could have the best hotels in the world right there,” Trump said. For full interview, [click here](https://cheddar.com/videos/fmr-special-assistant-to-president-trump-says-north-korea-summit-lays-the-blueprint-for-better-relations).

Share:
More In Politics
Russia Defaults On Some Of Its Foreign Debt
Russia has defaulted on some of its foreign debt as a tidal wave of western sanctions threatens its economy. The credit ratings agency S&P has placed Russia under "selective default" after it tried to pay its latest obligations in rubles. Russia now has a 30-day grace period to resolve the issue, but Moscow is threatening to take legal action. George Seay, Annandale Capital's CEO, joined Cheddar to break down what this means, and how Russia defaulting on its debt might impact the global economy.
Shanghai Lockdowns Threaten Economy, Supply Chains
China's zero-covid policy may pose a wide-ranging threat to the local, and overseas economy. Analysts voicing concern on the strict lockdown in Shanghai as businesses and ports remain shuttered, potentially threatening the global supply chain. Shehzad H. Qazi, Managing Director, China Beige Book International joined Cheddar's Opening Bell to discuss.
Heather Boushey On Inflation Rising The Most Since 1981
The consumer price index in March rose by 8.5% from a year ago, the fastest annual gain since December 1981 and one-tenth of a percentage point above the estimate. The rise in prices is driven by strong consumer demand, supply-chain disruptions and skyrocketing energy costs related to Russia's invasion of Ukraine. Heather Boushey, Council of Economic Advisers Member for President Biden, joined Cheddar's Opening Bell to give her reaction to the latest inflation numbers.
Could India Become The Next China?
As China faces backlash from its response to Russia's invasion of Ukraine, the U.S. is strengthening its relationship with India. India is expected to become one of the top three economic powers in the world over the next 10 to 15 years, bolstered by technological advances and the manufacturing sector. Samir Kapadia, CEO and Principal of The Vogel Group, joined Cheddar to discuss the state of India's economy, and how it can only grow from here.
How Inflation Could Shape The Midterm Elections
With the midterms just a few months away, record-setting inflation is weighing on the minds of voters. According to a recent CNN poll, a majority of voters said the state of the economy will play a key role in how they cast their ballot, and 55% said the same of inflation. Joseph Zeballos-Roig, Economic Policy Reporter for Insider, joined Cheddar to discuss how inflation could shape the 2022 midterms, and ultimately determine the balance of power in Congress.
New York City Sees Rise In Crime Rates
The Brooklyn subway attack is the latest in a string of high-profile crimes that have plagued New York City. The surge in crime comes as cities across the country are trying to recover from the pandemic and bring life back to a sense of normal. Joseph Giacalone, professor at John Jay College and retired NYPD sergeant, joined Cheddar's Opening Bell to explain what's behind the rise in crime, and what can be done about it.
Russia Shifts Its War Strategy to Eastern Ukraine
After failing to take control of northern and western Ukraine, Russia is shifting its focus to the east. As both sides continue to pour reinforcements into the region, officials are expecting more conventional combat involving tanks, artillery, and aircraft that could shape the war's biggest battles yet. Doug Collins, a former Georgia congressman, joined Cheddar to discuss the change in Russia's tactics.
Yelp to Cover Travel Expenses for Workers Seeking Abortions
This March 19, 2018, file photo shows the Yelp app on an iPad in Baltimore. Yelp reports financial results Thursday, Nov. 7, 2019. The online review service will cover the travel expenses of employees who have to travel out of state for abortions, joining the ranks of major employers trying to help workers affected by restrictions being placed on the procedure in Texas and other states. The benefit announced Tuesday, April 12, 2022 covers Yelp's entire workforce of 4,000 employees, but seems most likely to have its biggest immediate impact on its 200 workers in Texas, which has passed a law banning abortions within the state after six weeks of pregnancy. (AP Photo/Patrick Semansky, File)
Load More