2018-04-13 14:42:00 Fri ET
technology antitrust competition bilateral trade free trade fair trade trade agreement trade surplus trade deficit multilateralism neoliberalism world trade organization regulation public utility current account compliance
Mike Pompeo switches his critical role from CIA Director to State Secretary in a secret visit to North Korea with no regime change as the North Korean dictator Kim Jong-Un intends to end the 65-year Korean War. Major U.S. and East Asian stock markets experience healthy gains in response to this positive result.
Pompeo is now the most senior U.S. diplomat who directly meets and approaches Kim. This secret visit signals the fact that President Trump sends goodwill to the North Korean leader prior to their bilateral peace summit. The recent core dialogue between Kim and Pompeo upholds the genuine belief that Trump can engage in productive negotiations with North Korea over its intercontinental ballistic missile programs. Trump-Kim direct talks help strengthen the plausible case for peace and denuclearization on the Korean peninsula in the next decade.
Pompeo remains optimistic about a Trump-Kim peace summit during his Senate confirmation testimony for his fresh post of State Secretary. At this stage, Pompeo expects the peace summit to happen for a positive diplomatic outcome with North Korea. This summit serves as an incremental step toward Korean denuclearization, and the current dialogue helps alleviate the current nuclear threat from North Korea. The Trump team plans to continue the current U.N.-driven economic sanctions on North Korea until its complete and comprehensive denuclearization.
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