Tillerson Tries to Diffuse Growing Geopolitical Tensions

Secretary of State Rex Tillerson tried to ease concerns that the U.S. was heading toward a military confrontation with North Korea after President Donald Trump rattled global markets with his warning that he could unleash “fire and fury” against Kim Jong Un’s regime.

“Americans should sleep well at night, have no concerns about this particular rhetoric of the last few days,” Tillerson told reporters on his plane after a tour of Southeast Asia. Trump “felt it necessary to issue a very strong statement directed at North Korea,” he said.

Echoing Trump’s tone, Defense Secretary Jim Mattis said in a statement Wednesday that North Korea “should cease any consideration of actions that would lead to the end of its regime and the destruction of its people.”

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.