Trump Warns Major Conflict With North Korea is Possible

President Donald Trump said a “major conflict” with North Korea was possible if diplomatic solutions fail, although Senator John McCain said the U.S. leader understood that military action was a last resort.

“There is a chance that we could end up having a major, major conflict with North Korea. Absolutely,” Trump said in an interview with Reuters. “We’d love to solve things diplomatically, but it’s very difficult.” He praised President Xi Jinping for pressing North Korea — China’s neighbor and ally — saying the Chinese leader was “trying very hard.”

Trump also ruffled feathers with South Korea in the interview by saying the country should pay for a missile-defense system being installed on its soil, and threatening to scrap a bilateral trade deal.

Bloomberg

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.