United States may lift some sanctions if North Korea halts nuclear programme

Xi urged Trump to ease N. Korea sanctions – Beijing

Though it lacked substance, the impromptu meeting was the first between Trump and Kim since their second summit in Vietnam in February collapsed without any agreement due to squabbling over US -led sanctions on the North, and the two leaders agreed to resume working-level nuclear talks.

The source said the move would suspend U.N. Security Council restrictions on North Korea's coal and textile exports for 12 to 18 months as the country gradually dismantled nuclear facilities.

"This is not a 'large-scale North Korean defector entry to South Korea, ' as reported in certain outlets", he said.

The USD/JPY pair stalled its decline and now holds steady just below the 108 handle, little affected by the above headlines.

President Donald Trump and North Korean supreme leader Kim Jong Un meet at the demilitarized zone separating the two Koreas in Panmunjom, June 30.

The DMZ encounter, initiated by a spur-of-the-moment tweet by Trump that Kim said took him by surprise, showed a rapport between the two men but policy analysts said they appear no closer to narrowing the gap between USA demands for denuclearisation and North Korea's demand for sanctions relief.

The focus is on whether North Korea will make a detailed request at envisioned working-level talks between the two countries, which Washington has been eager to resume by the end of this month.

North Korea tested its first nuclear weapon in 2006 as former President George W. Bush advanced his own effort to disarm the country, which at the time was led by Kim's father, late supreme leader Kim Jong Il.

The director said North Korea has "no other choice but to develop and test the special armaments to completely destroy the lethal weapons reinforced in South Korea".

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The State Department declined specific comment on Kim's remarks but said it had no meetings to announce. "That would never be the end of a process", State Department spokeswoman Morgan Ortagus told a regular news briefing. There has been no sign of a narrowing of differences since.

The paper blamed US working-level negotiators for the summit breakdown and emphasized that they should come forward with the right method with the right attitude in light of the changed mood demonstrated by their leader's recent handshake, to which the North will take corresponding goodwill steps.

The two leaders promised to seek denuclearization in exchange for security and sanctions relief and made some good faith measures, but both sides expressed frustration with the slow pace of progress in the following months.

The two sides have yet to even agree a common definition of denuclearisation, which North Korea has taken to include the USA nuclear umbrella protecting Japan and South Korea.

Speaking to reporters outside the White House, Trump said that Kim "was so happy to see me" during his hastily-arranged visit to the demilitarized zone with South Korean President Moon Jae-in.

"That's a good thing, not a bad thing", Trump said of Kim's positive reception.

During working-level talks ahead of the failed summit in February, the United States and North Korea, which have no diplomatic relations, had broadly agreed to take steps to improve bilateral ties and establish permanent peace on the Korean Peninsula, such as opening a USA liaison office in Pyongyang.

The Hwasong-14, another North Korean ICBM tested in mid-2017, was also mentioned in the report, and said to be capable of reaching "most" of the U.S. mainland, given its 10,000km+ (6250 mile) range.

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