Trump Maintains Tough Stance on North Korean Regime

President Donald Trump toughened his rhetoric against North Korea on Sunday, declaring that attempts to negotiate with the regime were “waste,” and the U.S. was prepared to “do what has to be done” as tensions escalate between both countries.Over the weekend, Secretary of State Rex Tillerson said that the U.S. had opened a direct channel of communication with Pyongyang, which has tested rockets with increasing regularity. Tillerson has said there were at least “a couple” of channels through which the two parties were attempting to negotiate, The Wall Street Journal reported.However, Trump on Sunday effectively undercut his Secretary of State’s diplomacy by declaring negotiations to be all but fruitless. In a series of posts on Twitter, Trump told Tillerson to “save his energy,” suggesting the U.S. was prepared to escalate its heated rhetoric to potential military action.

Source: Trump tells Tillerson not to ‘waste time’ on North Korea talks: ‘We’ll do what has to be done’ – CNBC

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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.