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 Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam