North Korea diplomacy could be next for Trump: Hudson report
WASHINGTON -- U.S. President Donald Trump's most dramatic first-term initiative was his summitry with North Korean leader Kim Jong Un, and as he faces stalled negotiations with Iran and little hope for a settlement in the Russia-Ukraine war, Pyongyang may get new attention.
Marking the seventh anniversary of the first Trump-Kim summit in Singapore, the Seoul-based think tank Chey Institute for Advanced Studies and the conservative Hudson Institute released a joint study on Thursday exploring renewed U.S.-North Korea diplomacy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Japan Times
6 minutes ago
- Japan Times
Trump reports tens of millions in income from crypto ventures
U.S. President Donald Trump filed his first public financial disclosure report of his term on Friday, providing what he said was the latest information about his holdings, including income from his family's foray into cryptocurrencies. Trump, who returned to office in January, reported $57.35 million from token sales at crypto firm World Liberty Financial. He also reported holding 15.75 billion governance tokens in the venture. The financial disclosure was signed as of June 13 and did not state the time period it covered. The details of the cryptocurrency listings, as well as other information in the disclosure, suggest it was through the end of December 2024, which would exclude most of the money raised by the family's cryptocurrency ventures. The wealth of the Republican businessman-turned-politician ranges from crypto to real estate, and a large part on paper is tied up in his stake in Trump Media & Technology Group, owner of social media platform Truth Social. The disclosure showed income from various assets including Trump's properties in Florida. Trump's three golf-focused resorts in the state — Jupiter, Doral and West Palm Beach — plus his nearby private members' club at Mar-a-Lago, generated at least $217.7 million in income, according to the filing. The disclosure also listed income of $5 million in license fees from a development in Vietnam. The White House did not immediately respond to a request for comment.
Japan Times
6 minutes ago
- Japan Times
White House reviews SpaceX contracts as Trump-Musk feud simmers
The White House earlier this month directed the U.S. Defense Department and NASA to gather details on billions of dollars in SpaceX contracts following the public blowout between President Donald Trump and billionaire Elon Musk, four people familiar with the order said. Sparking an ongoing review, the administration ordered the agencies to scrutinize Musk's contracts to ready possible retaliation against the businessman and his companies, the people said. Pentagon officials are simultaneously considering whether to reduce the role that SpaceX, Musk's space and satellite company, may win in an ambitious new U.S. missile defense system. It couldn't be determined whether the White House intends to cancel any of the approximately $22 billion in federal contracts SpaceX now has. But the review shows the administration is following through on a threat by Trump during his spat with Musk last week to possibly terminate business and subsidies for Musk ventures. "We'll take a look at everything,' the president said, speaking to reporters aboard Air Force One on June 6. In an email, a White House spokesperson didn't answer questions about Musk's business, saying the "Trump administration is committed to a rigorous review process for all bids and contracts.' In a separate statement, a spokesperson at NASA said the agency "will continue to work with our industry partners to ensure the president's objectives in space are met.' Neither SpaceX nor officials at the Defense Department responded to requests for comment. The people familiar with the order said the contract scrutiny is intended to give the administration the ability to move fast if Trump decides to act against Musk, who until recently was a senior adviser to the president and the head of the cost-cutting Department of Government Efficiency, or DOGE. The review is "for political ammunition,' one of the people said. Whether the U.S. government could legally, or practically, cancel existing contracts is unclear. But the possibility underscores concerns among governance experts that politics and personal pique could improperly influence matters affecting government coffers, national security and the public interest. "There's an irony here that Musk's contracts could be under the same type of subjective political scrutiny that he and his DOGE team have put on thousands of other contracts,' said Scott Amey, a contracting expert and general counsel at the Project on Government Oversight, a watchdog group based in Washington. "Any decision shouldn't be based on the egos of two men but on the best interests of the public and national security.' Musk's SpaceX in recent years has become a crucial partner of the U.S. government in much of its aerospace and defense work — launching satellites and other space cargo and potentially managing a crucial element of the "Golden Dome' missile shield planned by Trump. Although Musk in recent days has sought to walk back some of his critiques of the president — such as calling for Trump's impeachment last week and linking him to a convicted sex offender — his outbursts nonetheless highlighted the government's reliance on SpaceX. Before reversing course, Musk threatened to decommission the company's Dragon spacecraft. The spacecraft, as part of a roughly $5 billion contract with NASA, is the only U.S. vessel currently capable of carrying astronauts to and from the International Space Station. SpaceX is also building a network of hundreds of spy satellites under a classified contract with the National Reconnaissance Office, a U.S. intelligence agency. The contract was a pivotal transaction for SpaceX, deepening its ties with U.S. defense and intelligence services.
Yomiuri Shimbun
29 minutes ago
- Yomiuri Shimbun
Akazawa Calls Latest U.S. Trade Talks ‘Deep,' Offers No Prediction on Any Imminent Outcome
The Yomiuri Shimbun Economic revitalization minister Ryosei Akazawa speaks to reporters after his sixth talks with U.S officials over tariffs in Washington on Friday. Economic revitalization minister Ryosei Akazawa and U.S. government officials held their sixth ministerial negotiation talks on Friday in Washington over the tariff measures of the administration of U.S. President Donald Trump. After the meeting, Akazawa told reporters, 'We held very deep discussions to search for a possibility of reaching an agreement.' The Japan-U.S. ministerial talks have been held for four consecutive weeks. Akazawa held talks with U.S. Commerce Secretary Howard Lutnick for about 70 minutes and with U.S. Treasury Secretary Scott Bessent for about 45 minutes, one after another. After the talks, Akazawa did not clearly mention a possibility of reaching an agreement during Group of Seven summit to be held from Sunday to Tuesday in Canada. A Japan-U.S. summit is scheduled to be held on the sidelines of the G7 summit. He briefly said, 'I want to refrain from making any predictions. So far, the Japanese government has repeatedly demanded that all U.S. 'reciprocal tariffs' on automobiles, steel and aluminum exports from Japan be abolished. Akazawa avoided clearly answering a question over whether he reiterated the demand in the latest talks. In the preceding talks, the Japanese side proposed to increase imports of U.S. agricultural products and reexamine 'non-tariff trade barriers' against U.S. cars in line with requests from the Trump administration. The Japanese government is also considering collaborations on strengthening supply chains for rare earths and semiconductors. In the evening on Friday, Prime Minister Shigeru Ishiba held telephone talks with Trump for about 20 minutes and agreed to hold an in-person meeting separately from the G7 summit. Attention will focus on whether the leaders will be able to reach an agreement based on discussions in the ministerial talks. Rare earth magnets The government has begun internal discussions on proposing cooperation with the United States to strengthen supply chains for powerful magnets made with rare earths in the ongoing Japan-U.S. trade negotiations over the Trump administration's tariff policy, according to Japanese government sources. China holds a major share of the market for high-performance magnets. The government expects that Japan and the United States will promote the building of supply chains which will not rely on China and aim to make progress in the tariff talks, which are entering a decisive phase. Magnets made with rare earths are essential for manufacturing motors of electric vehicles and devices used in missiles. In the case of neodymium magnets, a typical product of the kind, China holds more than an 80% share of *global production. Japan, which has high-level manufacturing technologies, holds a 15% share. The United States is struggling to find ways to deal with China's restrictions on exports of rare earths. The Japanese government aims to show a stance of contributing to U.S. manufacturing industries in fields in which Japanese manufacturers have high competitiveness. In doing so, the government wants to draw concessions from the United States on tariff issues, such as the 25% additional tariff on Japanese-made cars, as automobile manufacturing is Japan's core industry.
