President Trump, World Leaders to Meet at UN on NKorea

President Trump, World Leaders to Meet at UN on NKorea

President Trump, World Leaders to Meet at UN on NKorea

US President Donald Trump will meet with the leaders of Japan and SKorea next week at the United Nations to discuss how to confront NKorea’s provocations, after the Pyongyang regime launched a 2nd ballistic missile over Japan in less than a month.

The Trump Administration has no new retaliation to announce against NKorea yet, and there is no plan to push for a UN Security Council vote on added sanctions against the country next week after securing the council’s support for a new sanctions package Monday.

The US continues to urge China to use its Crude Oil deliveries to NKorea as leverage to change the behavior of Kim Jong Un’s regime, but the Chinese are reluctant.

The latest missile tested by Kim Jong Un’s regime flew far enough to put the US territory of Guam in range.

The intermediate-range missile fired from Pyongyang at 6:57a Friday flew over the northern Japanese island of Hokkaido, reaching an altitude of 770 kilometers (478 miles) before landing in the Pacific Ocean. It traveled 3,700 kilometers — farther than the 3,400 kilometers from Pyongyang to Guam, which NKorea has repeatedly threatened.

Investors shrugged off the latest launch Friday, showing that financial markets are growing accustomed to NKorea’s provocations and the responses of the US and its allies.

A NKorean foreign ministry official told reporters at Beijing’s international airport that Friday’s launch was a “normal part of strengthening our nuclear deterrent.”

President Trump was briefed on the missile launch but made no mention of NKorea in remarks at a White House dinner on Thursday night.

He also said nothing about the missile test, NKorea or Kim in a series of Tweets Friday. The President has said all options are on the table to stop NKorea from obtaining the ability to strike the US with a nuclear weapon, noting that talks have failed.

 

The UN Security Council approved new sanctions on Monday after the US dropped Key demands, such as a Crude Oil embargo, to win support from Russia and China, both of which can veto any proposals. The compromise resolution seeks to limit Oil imports, ban textile exports and increase inspections of ships suspected of carrying cargo in breach of sanctions.

The council met on Friday in New York at 3:00p EDT.

China will continue to strictly implement UN resolutions on NKorea.

“It’s irresponsible and unhelpful to unjustly blame others and shirk responsibilities in any form,” a Chinese official at the UN said Friday

Thursday, NKorea had threatened to sink Japan “into the sea” with a nuclear strike and turn the US into “Ashes and Darkness” for agreeing to the latest UN sanctions.

SKorean President Moon Jae-in used his strongest language yet to condemn the latest test. “We have the power to smash NKorea into powder and put it beyond recovery if it provokes us or our alliance,” he said before chairing a National Security Council meeting.

SKorea’s military said it simultaneously conducted a drill in which it fired a ballistic missile into the East Sea, also known as the Sea of Japan.

Japan did not try to shoot down the NKorean missile Friday, and the situation was similar to when a missile was fired over the country on 29 August.

NKorea had called that test a “meaningful prelude” to containing Guam, and threatened to launch more missiles over Japan into the ocean.

In July, North Korea fired 2 intercontinental ballistic missiles on steep trajectories into the sea between the Korean peninsula and Japan. The regime said those launches showed it could put the entire US in its range.

A unified international response against NKorea is needed now more than ever.

Have a terrific weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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