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tv   Street Signs  CNBC  June 12, 2018 4:00am-5:00am EDT

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president trump and north korean leader kim jong-un meet face-to-face the negotiations the outcome. and the global implications. a special presentation of "squawk box" begins right now. good morning welcome to "squawk box" here on cnbc live from the nasdaq market site in times square it's 4:00 a.m. in new york 4:00 p.m. in singapore we're expecting president trump to begin a news conference
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within minutes before leaving to return to washington we'll bring you his comments as soon as he begins speaking on set this morning to help analyze this summit, joel witt, former state department official with 25 years of experience negotiating with north korea joel, you already mentioned it experience and the scars to show it no hair left >> that's exactly it no hair left i'm still standing an exciting day for you we don't know everything yet obviously, but unprecedented and amazing. >> it is amazing to see the two leaders together like that i knows there are a lot of doubts about the result but it's an important step forward. >> joel will be with us to see how things play out over the next hour and then some. we have a lot to catch you up to speed on in terms of what happened overnight president trump and north korean leader kim jong-un shaking hands about five hours ago at the start of this one-day summit
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they met privately only joined by their interpreters for about 45 minutes trump and kim then were joined by their top advisers including mike pompeo, mike kelly and john bolton the group then held a working lunch. trump and kim emerging from that and announcing they would sign a document a letter signing ceremony then followed in the document the two committed to working towards complete denuclearization of the korean peninsula joel, there was no mention of cvid, complete verifiable irreversible denuclearization. >> i think that's the point of any negotiation. each side has, of course, its maximum position what you end up with is something in between the issue here is whether this something in between is enough
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of koirgcourse a lot of people y say it isn't i think it sets the framework for follow-on talks, and those are mentioned in the document. >> we have complete cnbc team coverage of the historic summit. michelle caruso-cabrera is on the ground in singapore. kayla tausche is monitoring the response, eunice yoon is in beijing and brian sullivan is monitoring the reaction to all of this. >> to think two months ago these two were trading insults, and here is a quick compilation of what happened. >> a tremendous success.
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>> getting a good picture, everybody, so weook nice and >> better than anybody could have expected. top of the line. >> we had a historic meeting and decided to leave the past behind >> both sides will be impressed with the result. i k the whole relationship with north korea and the korean peninsula is going to be a much different situation. we have developed a special bond >> these are working negotiations talented man i also learned he loves his country very much. >> one key observation, the singaporeans worked hard to establish the two leaders at i have to tell you, the body language, trump seemed very much in charge. he put his arm on the back of kim jong-un, moved him to certain places, began when they walked out in front of the cameras began speaking first i don't know if it is his age,
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his comfort in front of the cameras from years of experience or also because he's used to a hostile press, and the leader of north korea never faces a hostile press in his country he seemed to be in command of the situation every time they appeared in front of the cameras. back to you. >> michelle caruso-cabrera joining us from singapore. we are about to see this press conference between donald trump and kim jong-un of north korea joel, let's talk a bit about this this is a war that began 68 years ago. we're talking about finally seeing the end to that war >> that's exactly the point. what the north koreans are demanding is an end to the hostility started by the korean war and the hostile relationship between the united states and north korea. and so i think in the summit language you see the framework for starting negotiations, for a peace treaty
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there are places that temporary armistice that ended the north korean war and that is a move towards more normal relations with the united states and lessening the hostility. >> where does this leave us in terms of our allies in the region south korea and japan. >> i think south korea is overjoyed with the result because president moon jae-in started this process and has nurtured it all along dealing with president trump, with kim jong-un, and with president xi of china ink the south koreans are on board. the janese for some time now have been isolated from diplomatic relations to deal with north korea because they have been focused on one issue, not weapons of mass destruction but the abductions of japanese citizens in the 1960s by the north koreans. >> you said you have been doing this for 25 years.
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you watched this i imagine you're happy about it. i imagine there has to be something bitter sweet because it didn't happen earlier why do you think it di happen earlier >> that's an excellent question. i feel like i've been waiting for a loe to thihappen it didn't happen earlier think because of a number of problems that existed between the united states and north korea and the hostile relationship was one of them a lot of people say it didn't happen because north korea wanted to build up its nuclear weapons and missiles before it engaged much stronger united ates we don't know the answer but we are where we are the issue now is where do we go from here. >> what do you think the reaction will be inside north korea? they talk about different factions >> do they know anything >> they know he arrived. >> i totally agree there's a lot of micro analysis
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of what's going on inside north korea. i don't think there are different factions everyone knows what they want them to know >> i don't think they know what's happened. they have never seen a modern city before. >> they knew he arrived. they saw his tour of the city, buat l of an hour ago they had not been updated on anything that happened as far as this apparently they're getting the news out more quickly. >> michelle, will we know how to monitor how this is being presented in north korea >> yeah. absolutely they do monitor north korean television it can be seen by people in south korea. there's probably information available of what they have been told already the arrival of kim jong-un to singapore was delayed by a day before the north koreans saw it on their north korean television there will probably be some kind of video presentation to the
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north koreans, but it will be very, very controlled. they'll see only what the regime wants them to see. two things i wanted to tell you that were left out of that audio age, due to lack of clarity. reporters yelled questions to the president. they said mr. president would you have kim jong-un to the white house. they also asked did you bring up at otto warmburger, and silence from the president so two things to note from those extraordinary events >> we want to check in with akiko fujita, she has south korea's reaction to the summit good afternoon i'm adding 12 hours. >> hi there, great to see you. we have been following the reaction here. no official world from the blue
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house yet from president moon jae-in we expect that to come as soon as that press conference from president trump concludes. let's talk about the reaction in terms of the optics of thi the blue house did images of him and his staff huddling around the table watching the images coming in from singapore it's remarkable when you consider president moon jae-in's history. his parents were refugees rescued by the u.s. marines during the korean war. for the president, a year his administration, to see these images of a north korean leader and an american president meeting for the first time certainly a very emotional moment for him now, we do know that secretary pompeo will be coming here the japanese foreign minister also flying in tomorrow to be briefed. so the two american allies in east asia will be meeting with secretary pompeo to get a full
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debrief on what transpired in the summit but you're likely to get two different reactions here while we have not gotten an official statement, president moon jae-in said this is just the first step in what is expected to be a long, drawn-out process. south korean media expressing disappointment at least in the initial headlines because they saw that declaration about denuclearization on the korean peninsula when the two koreas met at the end of april. they have seen this before and the big headline is there is no cvid, complete verifiable denuclearization and the japanese raising the issue of north koreans not taking a wait and see approach
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>> we'll continue to check in with her let's head to brian sullivan anchoring our markets desk, tracking global financial reaction to everything happening in the summit. brian, so fa of the markets look like they're trading higher >> they are. good morning good evening by the way. the markets are mostly positive here stock futures are up a bit it is early in time. asia mostly positive we're seeing the mainland chinese index up the only index not responding more positively is the kospi i have a feeling that market, those traders, those investors will wait and see what happens the nikkei may be the big winner we talk a lot about south korea. japan has a vested stake in this massive trading partner, not only with south korea but also with china as well europe beginning its day mixed the dax in germany up a few tenths the cac 40 down a bit. this meeting is just the part of
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a big few days for your investments and money. you have the huge opec meeting and conference next week oil is up just a bit and the federal reserve decision tomorrow again, that's a big deal the fed tomorrow, korea today, opec next week, like your guest joel said at the top of your program, this is probably just the beginning not the end of a long process between the dprk and the united states. we'll be here all morning for you with a great lineup of guests, investors, friends of cnbc with knledge. >> and at&t time warner, sullivan >> today at 4:30 >> i was going to save that for the next hit >> stealing your thunder >> we have special coverage, i hope >> yes >> tonight and tomorrow. >> brian sullivan standing by anchoring all the issues happening with the markets as this rolls out our guest host today is joel
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witt this is the beginning of a long process. you've been doing this for 25 years. i heard somebody speculating this morning that this could take 15 years to denuclearize. how complicated is it? how long would something take to roll out >> it's extremely complicated. you heard people talk about the libya model which was essentially overnight they got rid of their weapons of mass destruction. north korea's program is much more advanced and developed. it could take as long as ten years. what the u.s. needs to do is get the nuclear weapons out of north korea, get the materials made to build them out of north korea, deal with the production facilities also deal with the scientists and there are 5,000 of them. you can imagine that's an enormous task. negotiating all of those steps
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will be very difficult >> given the size of north korea relative t or other places, is this an easier job in terms of verifyings? tracking this all? >> it's not easier the north koreans have been digging under ground for 50 years. we don't know what's under the ground in north korea. to give an example when i was in the state department, i went to north korea to inspect an underground site >> let's go straight to this we see president trump approaching the podium >> we're getting ready to go back had a tremendous 24 hours. we've had a tremendous three months because this has been going on for quite a while. that was a tape we gave to chairman kim and his people, his representa it captures a lot. captures what could be done. that's a great place, has the potential to be an incredible place between south korea and
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china. tremendous potential i think he understands that. he wants do what's right it's my honor today to address the people of the world following this very historic summit with chairman kim jong-un of north korea spent very intensive hours together, and i think most of you have gotten the signed document or you will shortly it's comprehensive it will happen i stand before you as an emissary of the american people who deliver a message of hope and vision and a message of peace. let me begin by thanking our hosts in singapore, especially prime minister lee, friend of mine this is a country of profound grace and beauty and we send our warm wishes to every citizen of singapore who really made this
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visit so important and so pleasant, despite all of the work and long hours. i also want to thank president moon of south korea. he's working hard. i'll speak to him right after we're finished prime minister abe of japan, friend of mine just left our country. he wants what's right for japan and the world. good man and a very special person, president xi of china who has really closed up that border, maybe a little bit less so over the last couple of months, but that's okay. he has he's a terrific person, friend of mine and a really great leader of his people i want to thank them for their efforts to help us get through this historic day. most importantly i want to thank chairman kim for taking the
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first bold step towards a bright new future for his people. our unprecedented meeting, the first between an american president and a leader of north korea proves that real change is indeed possible. my meeting with chairman kim was honest, direct, and productive we got to know each other well in a confined period of time under very strong, strong circumstance we are prepared to start a new history and we're ready to write a new chapter between our nations. nearly 70 years ago, think of that, 70 years ago, an extremely bloody conflict ravaged the korean peninsula countless people died in the conflict including tens of thousands of brave americans yet while the armistice was agreed to, the war never ended to there day, never ended.
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now we can all have hope that it will soon end. and it will. it will soon end the past does not have to define the future yesterday's conflict does not have to be tomorrow's war. and as history has proven over and over again, adversaries can indeed become friends. we can honor the sacrifice of our forefathers by replacing the horrors of battle with the blessings of peace that's what we're doing. that's what we have done there's no limit to what north korea can achieve when it gives up its nuclear weapons and embraces commerce and engagement with the rest of the world that really wants to engag chairman kim has before him an opportunity like no other to be remembered as the leader who issued in a glorious new era of security and prosperity for his
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people chairman kim and i just signed a joint statement in which he reaffirmed his unwavering commitment to complete denuclearization of the korean peninsula. we also agreed to vigorous ions to implement the agreement as soon as possible. and he wants to do that. this is not the past this is not another administration that never got it started. and therefore never got it done. chairman kim has told me that north korea's already destroying a major missile engine testing site that's not in your signed document we agreed to that after the agreement was signed at's a big thing, for the missiles they were testing the site will be destroyed very soon today is the beginning of an
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s process. our eyes are wide open but peace is always worth the effort, especially in this case. this should have been done years ago. this should have been resolved long time ago. but we're resolvinit now chairman kim has the chance to seize an incredible future for his people anyone can make war, but only the most courageous can make peace. the current state of affairs cannot endure forever. the people of korea, north and south, are profoundly talented, industrioud gifted to realize their amazing destiny, to reunite their national family, the menace of nuclear weapons will now be removed. in the meantime the sanctions will remain in effect.
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we dream of a future where all koreans can live together in harmony, where families are reunited and hopes are reborn and where the light of peace chases away the darkness of war. this bright future is in, and tg it's right there, it's within our reach. it's going to be there it's going to happen people thought this could never take place it is now taking place it's a very great day. it's a very great moment for the history of the world, and chairman kim is on his way back to north korea and i know for a fact as soon as he arrives he will start a process that will make a lot of people happy and safe. it's an honor to be with everybody today. the media, a big gathering o media, i will say. makes me feel very uncomfortable. but it is what it is people understand that this is
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something very important to all of us including yourselves and your families. so thank you very much for being here we'll take some questions. wow. a lot of questions go ahead >> two questions for you, if you don't mind first, the man you met today, kim jong-un, as you know has n people, isy mes, has responsible for the death of otto warmbier. why are you so comfortable calling him very talented? >> he is very talented anybody who takes over a situation like he did at 26 years of age and is able to run it and run it tough -- i don't say he was nice or anythin about it he ran it. very few people at that age, 1 out of 10,000 probably couldn't do it. otto warmbier is a very special person and he will be for a long time in his life his parents are good friends of
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mine i think without otto this would not have happened. something happened from that day. it was a terrible thing. it was brutal. but a lot of people started to focus on what was going on, including north korea. i really think that otto is someone who did not die in vain. i told this to his parents special young man, and i have to say special parents. special people otto did not die in vain he had a lot to do with us being here today >> that second question on the security assurances you talked about in your statement. what assurances are you willing to give kim jong-un does that include reducing military capabilities? >> no, we're not reducing. at some point i have to be honest i used to say this during my campaign, as you know probably better than most i want to get our soldiers out
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i want to bring our soldiers back home. we have 32,000 soldiers in south korea. i'd like to bring them back home but that's not part of the equation right now at some point i hope it will be but not right now. we will be stopping the war games, which will save us a tremendous amount of money ss and until we see future negotiation is not going along like it should but we'll be saving a tremendous amount of money. plus i think it's very provocative. >> yes, john i thought you were john roberts. >> we're frequently confused >> yes >> mr. president, the joint statement does not talk about verifiable or irreversible denuclearization is that a concession on the part of the united states >> not at all.
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if you look at it. it says we are going to -- let's see here it will be gone, i don't think you can be more plain than what we're asking issues related to the establishment of the new u.s./dpkr relations. we talk about the guarantees and we talk about unwavering commitment to the complete denuclearization of the korean peninsula. this is the document that we just signed. >> did you discuss with chairman kim methods to verify either with the united states or international organizations that process? >> yes, we did >> is there a timeline >> will be verified. >> how will that be achieved by? >> by having a lot of people there. as we develop a certain trust, and we think we have done that secretary pompeo has been doing a fantastic job. his staff, everybody as we do that we'll have a lot
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of people there, we'll work with them on other things this is complete denuclearization of north korea. and it will be verified. >> will those people be americans? >> a combination of both we have talked about it. go ahead be nic be very respectful >> i'll be very respectful what did kim jong-un say to you to give you the confidence that for once in the history of north korea they are not cheating the system and gaming the world and gaming the people who will have to go in and make sure they're actually giving up their nuclear arsenal? >> he actually mentioned the fact that they proceeded down a path in the past and ultimately as you know nothing got done in one case they took billions of dollars during the clinton regime took billions of dollars and nothing happened that was a terrible thing.
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he actually brought it up to me. he said we have never gone this far. i don't think they've ever had the confidence frankly in a president that they have right now for getting things done andiand having the ability to get things done he was firm in the fact that he wants to do this i think he may want do this as much or more than me because they see a very bright future for north korea. so you never know, right we never know. but we signed a comprehensive document today i think most of you have been given that document. we signed a very, very comprehensive document i believe he will live up to thatocument. when he lands, which will be shortly, i think that he will start that process right away. [inaudible question] i do i can say i only know him really well, it's been rhetorical i think without the rhetoric it wouldn't have happened i think without other things
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going along, i think the establishment of a new team was very important we have a great team i do i think he wants to get it done. i feel that strongly there is john. you two guys look alike when the light is right who has better hair? >> it's the angelic glow of the backlighting, mr. president, that makes us look so similar. of course the denuclearization of nuclear weapons, biological weapons is one problem in north korea. another huge problem is the horrible record that they have on human rights. was that discussed at all? is that something you will tackle >> yes, it was discussed it will be discussed more in the future, human rights what was also discussed in great detail, john, was the fact that we have -- i must have had countless calls and letters,
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anything you can do, they want the remains of their sons back they want the remains of their fathers and mothers. all of the people that got caught in that brutal war, which took place to a large extent in north korea. d for it today and we got it that was a last-minute thing the remains will be coming back. they'll start that process immediately. but so many people, even during the campaign they would say is there any way you can work with north korea to get the remains of my son back >> so many people asked this question i said we don't get along with that particular group of people. now we do. he agreed to that so quickly and nicely it was a very nice thing he understands it. he understands it. for the thousands and thousands i guess way over 6,000 that we know of in terms of the remains,
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they'll be brought back. >> the p.o.w./m.i.a. issue is important for thousands -- >> to a lot of people. >> -- what do you expect kim jong-un to do about the human rights record regarding the north korean people? >> it was discussed. it was discussed relatively briefly compared to denuclearization that's where we started and where we ended but they will be doing things. i think he wants to do things. i think he wants to dus-- you wd be surprised good negotiator. he wants to do the right thing he brought up the fact that in the past they took dialogue -- or they never were like we are there's never been anything like what's taken place now they went down the line. billions of dollars were given you know, the following day the nuclear program continued.
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this is a much diffe president in all fairness. this is perhaps one of the reasons -- i campaigned on this issue, as you know very well >> whoever those people are. i cannot see you with all the lights you don't look like either of the two -- go ahead. sure >> thank you, mr. president. first of allcongratulations. >> thank you very much appreciate it. >> did you touch on the issue of peace treaty and also will you travel to pyongyang at any time soon >> at a certain time i will. that's a day i look very much forward to at the appropriate time i also will be inviting chairman kim at the appropriate time to the white house. i think it's really going to be something that will be very important. he has accepted that i said at the appropriate time we want to go further down the road what we signed today was a lot
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of things included then you have things that weren't included that we got after the deal was signed. i've done that before in my life we didn't put it in the agreement because we didn't have time i think most of you have been handed out the agreement or soon will you have not if y could have those agreements passed out. we just finished them a little while ago. go ahead, sir. >> congratulations, mr. president. >> thank you >> what part did japan play and did the abduction issue come up? >> yes >> also the fate of the christi christians and the follow-up question is when will yo doing an interview with japanese tv 50,000 troops are in japan >> that's true 50,000 great troops. one of mr. abe's things, other
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than the denuclearization, his main point was that and i brought it up. they'll work on that we didn't put it down in the nt, bul be worked on christians, yes. we brought it up strongly. franklin graham spent and spends a tremendous amount of time in north korea. he has it close to his heart it did come up, things will be happening. thank you. >> john, go ahead. >> on the question of human rights you spoke powerfully on the issue in your state of the union address. you showed had the defector in the first lady's box who escaped. you said north korea more brutally oppressed its people than any other regime on earth
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do you still believe that's the case having sat down with kim jong-un? does he need to change that? >> i believe it's a rough situation over there there's no question about it we did discuss it today pretty strongly knowing what the main purpose of what we were doing is, denuking. but discussed it at good length. we'll be doing something on it it's rough it's rough in a lot of places, by the way, nost there but it's rough we will continue that. i think ultimately we'll agree to something it was discussed at length outside of the nuclear situation, one of the primary topics >> do you think that needs to change to bring on this glorious new era that you talked about? >> i think it will change. i think it probably has to but it will. thank you very much. steve, that's you, steve >> thank you what timetable do you envision for their denuclearization
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in the meantime you are thinking about easing sanctions >> scientifically, i've been watching and reading a lot about this, it does take a long time to pull off complete denuclearization it takes a long time scientifically you have to wait certain periods of time and a lot of things happen but despite that, once you start the process, it means it's pretty much overt use them that's the good news that will start soon i believe that will start soon we will do it as fast as it can mechanically and physically be done >> the sanctions >> the sanctions will come off when we are sure that the nukes are no longer a factor sanctions played a big role, but they'll come off at that point i hope it's soon but they'll come off as you know and as i've said, the sanctions right now remain but at a certain point i look forward to taking them off they'll come off when we know we're down the road.
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>> thank you >> dogo ahead, please congratulations on a historic summit >> congratulations to everybody, by the way congratulations to everybody >> you signed a document with kim jong-un. it essentially a piece of paper. yesterday we had a briefing from the secretary of state, mike pompeo he said many presidents previously signed off on pieces of paper, only to find that e north koreans either didn't promise what we thought they had or actually reneged on those promises what makes this time different, mr. president? >> you have a different administration you have a different president you have a different secretary of state you have people that are -- it's very important to them and we get it done thother groups, maybe it wasn't a priority. i don't think they could have done it if it was a priority, frankly. i don't think they could have
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done it even if it was a priority it would have been easier back then for me it would have been much easier if this were ten years ago, five years ago. i'm not just blaming president obama. this goes back for 25 years. i was given a tough hand, this, the iran deal and plenty of other problems but we're doing really well. the iran deal, i have to be honest, i did it because nuclear is always number one to me nuclear is number one. i don't think they're looking so much to the mediterranean. i don't think they're looking at syria like they were with total confidence i don't think they're confident right now. with that being said i hope at appropriate time, after the sanctions kick in and they are brutal what we've put on iran, i hope they come back and
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negotiate a real deal. i would love to do that. right now it's too soon. >> mr. president, you talked about establishing diplomatic relations, exchanges ambassadors. how long before that happens >> hopefully soon, but we have to get things moving first a little early for that. we have to get things moving go ahead hi >> can you clarify, when you said you're stopping war games so you are stopping the military exercises with south korea >> we've done exercises for a long period of time working with south korea. we call them war games i call them war games. they're expensive. the amount of money we spend on that is substantial. south korea contributes, but not 100% which is a siubject we have to talk to them about also, that
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has to do with the military expense and the trade. we're doing that we have a new deal with south korea in terms of the trade deal we have to talk to many countries about treating us fairly but the war games are very expensive. we pay for a big majority of them we fly in bomberom guam. when i first started i said where do the bombers come from guam nearby great. where is nearby? 6 1/2 hours. 6 1/2 hours, that's a long time for these big, massive planes to be flying to south korea to practice, drom bop bombs all ovr the place and go back to guam. i know a lot about airplanes it's very expensive. i didn't like it i have to tell you, jennifer it's a provocative situation when i see that, and you have a country next door.
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under the circumstances that we're working on a comprehensive deal, it's inappropriate to have war games. number one, we savmoney, a lot. number two, it's something i think they appreciated >> does north rea give something in return? >> i heard that. some of the people that -- maybe they mean it i don't want to go against the press. i don't. especially not today, this is too important. some of the people are saying that the president has agreed to meet he has given up so much. i gave up nothing. i'm here i have not slept in 25 hours, i thought it was appropriate to do because we've been negotiating literally arhe-clock with them, with us, with john, with mike, and a whole team of talented people. we have not given up anything other than, you're right, i
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agreed to meet i think the meeting was every bit as good for the united states as it was for north korea. but i just wrote down some of the thingse got. you know, they got a meeting, but only a person thatislikes donald trumpould say that i have agreed to make a big commitment sure, i have agreed to take a period of time, come here, meet, that's good. i think it's great for us as a country. i think it's good for them but what did they do to justify this meeting secured commitment for complete denuclearization that's the big thing they secured the release of three american hostages. they gave them to us two months ago. these people are living happily back in their homes with their families it was rough for them, to put it mildly
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secured the commitment to recover the remains including these are of fallen heroes they're giving a commitment to start immediately to recover the remains. i was amazed how many people asked me about it. so many people asked me is it possible, is it possible at that time we had no relationship to chairman kim or anybody else in north korea. it was a very closed society so we're getting the remains back secured the halt of all missile and nuclear tests for -- how long has it been seven months you have not had a missile go up. for seven months you have not had a nuclear test or anuclear explosion. i remember a nuclear event took place, 8.8 on the richter scale they announced a massive earthquake took place somewhere
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in asia. then they said it was north korea and a nuclear test i said i never heard of a richter scale in the high 8s if you look, there's bee missile launches they've blown up their missile area, that's going to take place that has not been written into the contract we'll give you the details on that but they secured a halt of all missiles and nuclear tests they secured a closure of their single primary nuclear test site, all three of them in an area that's common around each other. they secured the closure they secured the commitment to destroy the missile engine testing site that was not in your agreement i got that after we signed the agreement. i said do me a favor, you have this missile engine testing site, we know where it is because of the heat. it's incredible the equipment we
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have, to be honest with you. can you close it up? he will close it up. we maintain the abilitto continue to apply sanctions. so we're applying sanctions. i had 300 sanctions that i was getting ready to put on last we i said i can't put on actions when i'm meeting with him. i thought it would be disrespectful. 300 big ones, powerful ones. i said it would be disrespectful. when you look at all of those things we got, when we got our hostages back, i didn't pay 1.8 billion in cash like the hostages that came back from iran, which was a disgraceful situation what took place. we have gotten a lot when i hear somebody in the media say president trump agreed to meet, it's not a big deal to meet i think we should meet on a lot of different topics.
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not just this one. and i believe great things can happen yes? >> you listed off a lot of things you say you had gotten in the meeting. not long ago you said you defined the success of the meeting by north korea given up their nuclear weapons. >> that's what they're doing >> can you say how you can say that while you did not secure many details in this agreement >> it's one day, i'm here for many hours, but the process will take place they have started doing this they blew up their sites they blew up a testing site. i will say, he knew prior to coming, this w not like a surprise, this is not like we never discussed it we discuss it.
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mike discussed it very strongly with his counterpart in north korea. they knew this was -- let's say they didn't agree to that, i could not sign any agreement they understood that it wasn't a big t today. this was taken care of, this was taken care of before we got here when we brought that up today, you can see the language, it's very strong. it's in the document yes, ma'am >> thank you, mr. president. could you talk about the military consequences for north korea if they don't follow-through on the commitments you're talking about? >> that's a tough thing to talk about. i don't want to be threatening i don't want to be threatening they understood that and you've seen perhaps what would happen seoul has 28 million people. we think we have big cities. you look at new york, 8 million
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people we think it's a big people seoul has 28 million people. it's right next to the border. it's right next to the dmz it's right there if this would have happened -- i heard 100,000 people i think you could have lost 20 million people, 30 million people potentially you could have lost 30 million, 40 million, 50 million people the city of seoul is right next to the border. >> you once spoke about fire and fury, is that no longer the case >> at that twe needed perhaps fire and fury, we could not have allowed that kind of capability from the standpoint of tnited states and certainly japan was not going to allow it. japan is next door >> mr. president, could you tell us about the video youhowed before this? when did you show that tome -- i hope you liked it. i thought it was good.
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i thought it was interesting enough to show one in english, one in korean. we had it made up. i showed it to him today actually during the meeting. i thin loved it. we didn't have a big screen like you have the luxury of having. we didn't need it tchlit we had it on an ipad they played it i thought it was well done i show it to you because that's the future that could very well be the future. the other alternative is not a good alternative just not good. i showed it because i want him to do something. i don't think i had to show it because i think he wants to get it done. yes? go ahead how is staten island ferry
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doing, okay? he wrote the best story about me and the staten ireland ferry >> a long time it's been a busy week for you on the international stage. you're leaving the summit in singapore having determined kim jong-un is a talented man. you left theu is weak and dishonest what do you say to americans who worry you may be jeopardizing our long-term alliances and treating our historic enemies as friends, and friends as enemies? >> we had a good meeting at the g7 we're being taken advantage of by many of those countries the united states, because of bad management at the top, presidents who didn't understand
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trade or whatever it is, g taken advantage of on trade. canada does have very big advantages over us in terms of trade deficits we have a big trade deficit with canada i was reading it was a surplus not a surplus. it's either 17 but could be 100. they put out a document, they didn't want me to see it but we found tchlit, perhaps they were trying to show the power they have it's close to 100$100 billion a year loss from canada. they don't take our farm products, many of them they charge what was 270% but somebody told me the other day they raised it to 295% for dairy products it's unfair to our farmers and the people of our country, the
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workers, the farmers, the companies. they have barriers up and tariffs. when i put up a counterveiling tariff, so the balance is like this, they say that's terrible i say what's terrible? we have to catch you a bit we have to have a little complete even if it's not wea little balance we came -- we finished the meeting and really everybody was happy. i agreed to sign something i asked for changes. i demanded changes those changes were made. the president with angela merkel, who i get along with very well, where i'm sitting like this. that picture is we're waiting for the document because i wanted to see the final document as changed by the changes that i requested. that was a very friendly -- it didn't look friendly i know it was reported nasty both ways. i was angry at her actually, we were just talking, the whole group about something. unrelated to anything.
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very friendly, waiting for the document to come back. i left and it was friendly when i got on the plane, i think justin probably didn't know that air force one has about 20 televisions, and i see the television and he's giving a news conference about how he united states.shed around by the i said push him around we just shook hands. it was friendly. countries cannot continue to take advantage of us on trade. over the last couple of years and over the last many years, but over the last couple of years this country has lost 8$80 billion on trade with other countries. the biggest one being china. 8$800 billion 151 billion with the european union. they don't take our agricultural products, barely they don't take a lot of what we have yet they send mercedes into us, they send bmws into us by the millions it's very unfair
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it's unfair to our workers i will straighten it out and it won't even be tough. thank you. go ahead [inaudible question] i would like to involve congress, yes. i have a good relationship with justin trudeau i did. other than he had a news conference he had because he assumed i was in an airplane and not watching he learned that will cost a lot of money for the people of canada you can't do that. you can't do that. we laughed we had a good relationship i've had a good relationship with justin. i have a very good relationship with angela merkel on nato we're paying 4.2%, she's paying 1% of the much smaller
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gdp than we have we're paying for anyone can say 60% to 90% of nato and we're protecting countries of europe on top of that they kill us on trade. it's unfair to our taxpayers and our people i have a good relationship with justin and i think i have a good relationship with chairman kim right now, i do. i hope it is good. if it is, we will solve a big problem. should we keep going for a little while i don't know it's up to the legendary sarah huckabee sanders should we keep going we'll go i don't care you know, just means we get home a little later in the evening. go ahead sure go ahead >> hi, mr. president from the timesof singapore
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welcome to our country hope you enjoyed our food. >> beautiful country, i did. >> you described thias a process. what is the immediate next step? is there ongoing dialogue? >> we're getting together next week to go into the details. >> at an official level? >> yes, next week with john bolton, our entire team to go over the details and to get this stuff done we want to get it done he wants to get ite.we're also korea, japan, working with china, to a letter extent, but working with china >> you're coming back to singapore? >> i would come back gladly. your prime minister was fantastic. we were with him yesterday he has done a great job. it was welcoming probably made a difference, actually great place. thank you very much. >> thank you, mr. president. >> yes, ma'am? >> thank you, mr. president. what was it about that first interaction with chairman kim this morning that made you
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decide not to walk away after you said that you would know within the first minute if h was ere about things >> i've said that about relationships and people in the first seconds -- i said five seconds, but in the first second, in some cases, sometimes that doesn't work out. but sometimes it does. from the beginning we got along. but there's been a lot of ground work this wasn't like we went and started talking about, as you know, right? we didn't just come in and start talking about these complex subjects that have been going on for 70 years we've been discussing this for months once thehetoric stopped, once they did a great thing -- you know, north korea did a great thing by going to the olympics because the olympics and president moon will tell you this, the olympics was not exactly doing great. people didn't feel like being bombed out of the opening
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ceremonies they were not exactly selling tickets. as soon as the chairman, chairman kim, said let's participate in the olympics, it sold like wildfire and it was a great success as an olympics he did a great thing since that time -- pretty much since that team, the delegation came to the white house, told me a lot of things including that they would be willing to denuke, that they were willing to denuke once that started we've been talking about that for the end of the olympics when the whole delegation came to say various things including denuking. >> a second question in the document you signed earlier today north korea agreed to commit to denuclearization. to borrow a phrase you have used to criticize your bread social
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securitie -- brea predecessorsw can you ensure north korea is not all talk? >> you can't ensure anything, but i can say they want to make a deal my whole life has been deals i'm great at it. i know when somebody wants to deal and when somebody doesn't a lot of poll pig iticians don' that's not their thing, but it's my thing again this could have been goeee a long time ago. i feel they want to make a deal. making a deal is a great thing for the world. it's also a great thing for china. i can't imagine that china is happy with somebody having nuclear weapons so close china was helpful. i think he wants to make a deal.
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can anybody be certain but we'll be certain soon because the negotiations continue go ahead >> you mentioned you raisedhumah chairman kim i wonder what you would say to the group of people who have no ability to lehear and see this press conference, the hundreds of thousands kept in ghoul lo p. have you let them down >> i don't think so. i think we've done a wonderful thing, but not much i can do now. at a certain point i believe he is going to do things better i think they are

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