Tillerson Tries to Diffuse Growing Geopolitical Tensions

August 10, 2017 Share Print 0

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

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 SKY News. 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.