tv The Intelligence Report With Trish Regan FOX Business June 7, 2018 2:00pm-3:00pm EDT
the case. we'll get a sense of that. upcoming g7 summit in canada, two participants, president and leader of japan, joint presser coming up from minutes from now. trish regan takes you through that and busy 2:00 hour. trish: thank you, neil. this is the live picture from the white house. you see it. any minute from now the president and japanese prime minister shinzo abe will hold a joint news conference this is happening ahead of tomorrow's big g7 summit and tuesday's north korea summit. we have all kind of things going a market appetite six -- 36 points. i'm trish regan, welcome to "the intelligence report." we'll hear live from the president and prime minister abe shortly, moments from now. there is a live picture of the
two leaders are wrapping up the working lunch where they discuss erything from trade to the upcoming north korea summit. we are told that abe asked president trump to keep up that maximum pressure on kim jong-un. also to help secure the release of about a dozen japanese citizens abducted by north korea in the late 1970s, and early 1980s. as we wait for president, joined by republican from florida, and chairman of national security subcommittee, ron desantis. ron, good to see you. >> good to see you. trish: there is so much at stake. this could be a historic moment. let's get to the nitty-gritty on trade with japan. what is the potential in terms of renegotiating what we currently have with japan and how does that help us with china? >> i think that is something the president has been focused on not just since he ran for office but really for decades. go back to the '80s, he was
talking about the need to negotiate better agreements with japan. he has a very good relationship with shinzo abe. they get along personally very well. abe appreciates the united states now exercising more leadership in the pacific region. because you see china on the march. you see that they are expanding their military capacity. obviously north korea is a big problem. i think japan appreciates at that america is back in the game. we're leading again. trish: tpp, the trans-pacific trade partnership, got a really bad rap during the 2016 campaign in part because hillary clinton had helped to negotiate it and was very much in favor of it. it was seen as a real lightning rod, especially for people in the middle of the country in manufacturing areas where they were worried about what it would mean for trade. that's all water under the bridge though now. as we rook forward tock able to exert as much pressure sure as we possibly can on china, in
your view, congressman, is there opportunity for tpp 2.0 or donald trump kind of trade agreement that other countries would sign on to so we can have more than our own might coming with dealing with the likes of china? >> he would probably prefer to do a bilateral agreement with japan and do similar agreements with other countries. the president has been very skeptical of doing these big omnibus trade agreements. tpp was a massive agreement. i think there was questions about whether that was truly respecting american sovereignty. but when you have donald trump sitting down with shinzo abe negotiating mutually beneficial agreements, that could help us, economy and help japan. we can be a county weight to china. strengthening our relationships with the pacific rim is important. tpp was a flawed vehicle. maybe trump can find another way
to make sure that the u.s. is there economically as well as militarily. trish: what about north korea in all this? again, huge opportunity. incredible, congressman, because we're actually going to see the president of the united states sit down with the head of north korea, something that has never happened before and, if they can actually succeed at some kind of denuclearization plan it would be great for the u.s. t would be great for the world. it certainly would be good for president trump. do you think that is in the cards? i think it's in the cards. there is a lot of work to be done but the trump administration decided to stop ignoring this problem. obama ignored it for eight years. when trump was getting ready to take office, obama says, gee, mr. president-elect, this is a big problem, north korea, probably the biggest problem. why didn't you do anything about it? trump to his credit took the bull by the horns. they have done a serious
pressure campaign, economically, diplomatically, militarily. trump upped rhetoric like reagan calling the soviet union the evil empire. trish: the "rocket man" thing. >> i think that has rattled kim jong-un. the question will be if kim did not have the nuclear program, none of the things trump has done or administration would have been undertaken most likely. it is the nuclear program causing his country to be focus of unprecedented pressure. does he make a judgment this is more trouble than it is worth? i don't think he thinks that now. other leaders done that in the past, gadhafi, libya, south after from. if we get to the point that he recognizes his path forward, if he wants to remain in power, he needs an economic lifeline. he can't have the u.s. exerting this type of pressure on him. maybe that causes him to be willing to cut a deal. trish: but, let's back up for a little bit.
he hasn't been, how shall i say, helpful, for lack of a better word, to his people. he has been in fact very destructive to so many people there. why are we willing to say, okay, we'll get rid of some of these sanctions and help you out a little bit with your economy in exchange for denuclearization? it will be probably a little more than that, right? >> these are some of the decisions that you have to make. if you think nuclear weapons pose a threat to the u.s. and to the region, you have to figure how to deal with that short of all-out war. all-out war in the area would be very deadly, cause a lot of casualties, a lot of allies casualties in places like south korea. so you try to deal with it now. we saw the obama administration do this with iran and showed us what not to do, frond-load the
economic benefits, then take promises that iran will not develop a nuclear weapon in the future even though those restrictions sunset, and we don't have access to iran's military sites. i think what the president will insist on is up front denuclearization. at that is the pathway to have reduction of economic sanctions. that doesn't mean we condone the regime. it's a brutal regime. it is a failed, communist, stalinist ideology. it is used to oppress people and keep kim jong-un in power. >> we have to first deal with the task at hand, the denuclearization issue, maybe later on we cain think about their style. dare i say that? his biggest fear, congressman, he becomes like qadaffi, right? as soon as you lose the nuclear
capability, you lose your power. the administration is trying to make sure that is not the case. congressman, good to see you. >> thank you. >> president trump and prime minister shinzo abe expecteded . you're looking at the meeting amid all the tensions from the trade front and japan following the president's decision to slap new tariffs on imported steel and aluminum. now you have the administration threatening to impose additional tariffs on japanese cars. so can japan convince the president to give them a break on trade. what would it take for to us be willing to do that? edward lawrence live from the white house with more. hey, head ward. reporter: trish, they're banking on the relationship that the president and prime minister of japan have started to forge together. they are finishing up a working lunch. they are expected to speak in the rose garden, a joint news conference.
in hour 50 minutes they packed a lot of issues into a meeting at oval office. >> we'll talk about our trade deficit we have with japan and we're going to have a very good discussion today. the relationship has never been better between the united states and japan. i look forward to spending time with you. reporter: tariffs have been one of the big issues for japan of their bucket list coming here. they would like to see president donald trump remove the steel and aluminum tariffs japan has been paying since march. also hold off on any import tariffs of automobiles coming into the united states. after this both world leaders go on to the g7 where the president is likely to hear more about the tariffs and get an earful from other world leaders. the president is using those tariffs as a way according to the administration to level the playing field. get other countries, our allies to drop their tariffs of u.s. products. another big issue a settlement. in fact it was the largest most
strict enforcement settlement that the commerce department has ever done. it was with zte. >> zte is an arm of the chinese government, which is never a good thing. maybe they reforms wilbur put in place might work. like the intelligence community i will be skeptical of doing business with these people but i will have a open mind. reporter: some republicans willing to wait and see what happens with this democrats not so much. senator chuck schumer released a statement today saying there is absolutely no good reason that zte should get a second chance. this decision mark as 180-degree turn away from the president's promise to be tough on china. now in this settlement agreement, for this enforcement action, zte pay as billion dollar fine, $400 million set aside in a fund, an escrow fund in case there are further violations. on top of the 900 million the company already paid. in addition to increased steps
that the commerce department has never had in terms of they're requiring a compliance officer, multiple compliance officers to be approved by the commerce department and report to the commerce department for 10 years. the ban also on buying u.s. technology remains in place but it is suspended for 10 years to make sure that they follow the rules. trish. trish: edward lawrence. thank you very much. we're waiting on the president. he is meeting with shinzo abe from japan. a lot of questions about trade. a lot of questions about north korea as well. our very own kristina partsinevelos joining me on set and kingsview asset management scott martin. good to see you both. scott, with are you looking for out of today? >> more of this kind of expiration, trish, more of this dialogue. face it, i get the points made earlier in the show how is riling up g7 leaders. it is taking a long time. there is a lot of give-and-take.
hey, we'll tear up this and we'll tear up this back. you have to think about, we're undoing at least eight years of the obama administration which was not america first and i argue some of the bush administration as well, that has basically put america behind. so i like a lot more of these dialogues. i like a lot more of these press conference, visits with the world leaders. president xi from china. these are big economies, yes are smaller than the u.s. but still growing economies. they're big trade partners. work with them on outcomes working with both countries. more of this dialogue is a step in the right direction. trish: there is more of a threat of tariffs on japanese cars. >> i wasn't to make a point that abe is taking a policy point from macrons the president of france. he tweeted out, looking forward to the meeting with president trump. abe has never done that before. macron did that before coming to the united states. trying it ease the tides.
interesting to see if abe gets different out comes with the talks. talking whether there is military presence in south korea. and then, automobiles and what that means for the entire sector in the united states. right now, if you factor out japanese cars. that is huge increase of production that has to happen in the united states. right now looking at all of the carmakers, a lot of them are working at full capacity. i'm a little hesitant or concern can they take on extra demand at the moment? should there be a massive tariff. you know how the president's office said he is looking at any cars that pose threat to national security. that could play a role to demand and production in the united states. are we at full capacity? can we handle it? trish: how much is posturing, scott. if you unleverage a negotiation, if you're him, if you're the president, you want to make it such that there is an incentive
to come to your side of the table, right? what do you do? you threaten big tariffs. you say unless you lower yours we'll put this on all stuff coming in. it seems to me to be in part posture, am i right? >> i think it is. but i think, trish, the adjustment the world has to make. unlike recent years, recent administrations this is tough talk. it is posturing to use your word but it is follow-through. trish: that's right. there is a danger if you make the empty threats if you're not willing to follow through. but i do think that this president, this in particular makes these threats is also, even if it meant politically his own challenges scott, someone will have to pay more for any goods period, right? american consumers won't like that. could be politically challenging for him.
if he has to threaten he has to be willing to follow through. >> that's true. i think as far as the world leaders believe, so far, i think they think he will. now you're right. that will drive up a ton of cost in the u.s. tariffs are cost to u.s. consumers certainly. we have still the great notion, the great distinction of being the world's biggest shopper. other countries, kristina mentioned it, very good accent. you speak perfect french. i think europe is learning, meaning we mean business. angela merkel is too. while you realize trump is posturing here i think he will carry through some promises or threats out there. that is why these countries are finally willing to listen what the demands are right but at the same time this is going back and forth. we haven't son follow-through just yet. i think that is where we see markets react. q1, there was posturing. that hasn't happened before. usually talking trade behind
closed doors. eventually when a decision is made it is made public. investors especially in q1, how will we price in the risk? you saw a lot of volatility. a quiet down. this past week and especially yesterday seeing the tech sector really strong. not seeing markets hit despite the huge summit, world mon you you -- monument al summit on tuesday. we can't just swing like crazy just yet. we priced it in for q1. now things well go calm. they are expecting an outcome, that is something we haven't seen just yet as you mentioned a follow-through. trish: we either lower tariffs all around the world or race them, right? in other words there is some kind of resolution that might be temporary, but there is going to be some cause and effect. >> you're seeing same type of concession with asia and japan like seeing with europe.
kind he being excellent example. zte, if you're following that. so you have a company, zte, that had the ban lifted today. congress not necessarily a few senators, they're not necessarily agreeing with the president at the moment, but now zte, which is possibly a u.s. national threat can do business with the united states again. this is a huge move this is a sign maybe the president is trying to show, hey we can work together through these negotiations. trish: everyone thinks he is so unreasonable but as a businessman, i mean, to your point, you hear a lot of rhetoric, right. >> right. trish: scott, but at the end of the day, he is trying to find a way to still do business with this company. what do you make of that? i european because there is a lot of there is a lot of concern about his personality. if you look at the health of the economy. look at the opportunity now ahead we might be sitting down with the north. we are sitting down with the for
the koreans next week and there is a chance for denuclearization in a way never anybody thought would be on the horizon, at least not this early. and you say, okay, yeah, he may be a strong personality and not everybody's cup of tea but the policy itself is working. >> something's there, trish. the his tore tax cuts. i can't think after presidential person or figure in history that would have done the zte deal. it would have been political fire. at the would not have gone near it. thumb threw out the olive branch do the chinese a few weeks ago. it was obviously hated by the left, it was a point trump is making with the chinese this is something we need to work on, we need your help with noko. we need help with you guys stealing our technological ideas and so forth. when it comes to making those
concessions and making the outreaches, working the deal as you noted, trish, that is something we haven't seen before. trish: very different. kristina said earlier, normally this stuff doesn't get negotiated publicly? >> absolutely that adds volatility real quick. some of the tech stocks are getting smoked today, believe it or not. they had massive intraday reversal. maybe they're trying to parse a little too much what is being said. some of the stuff is too far into the light. trish: is that a mistake, kristina. investor looking at every single headline? do they have to take this president with a grain of salt to see how this shakes out? >> of course. we've seen that reaction going from q1 to now. we never had this type of public display by a president anymore. i'm not an investors i'm not one of the guys in the pit, if you look at their reaction they have never seen that before. how do they react?
going into the summer i think you will see less volume. i think volatility will remain because of lack of volume. one headline can really swing the market in one direction. to add to tech, despite it being hit in the markets a little lower today, tech, there are a few reasons why it is growing stronger, if interest rates continue to climb, technology is benefiting from that. raw material costs are lower than semiconductors or people that, actually need to build product versus software of the you also have a lot of tech companies benefiting from the tax cut. they're bringing their money back to the united states. trish: hallelujah. >> reward with buybacks. trish: i'm okay with the buybacks though. i prefer they are investing in capital equipment, et cetera. buybacks are all part of it. >> that is two factors why we're seeing the sector. another one, call it a growth play. there is a little element of tech in every single company now at this point. last but not least, look the
fundamentals look at balance sheets, earnings revenue, growth especialliry this last quarter a long-term play with analysts -- trish: i hear a lot of optimism from you. my favorite canadian is probably not happy with this trade stuff. >> if canadians are on board we're in really good shape. market could -- >> i don't think the canadians are on board. i'm speaking as a business reporter, looking at the data, to the as can fadian. if i sit here how do i feel about the nafta negotiations. trish: i have to kid you about that. >> the phone call between president trump and trudeau. i don't necessarily agree with some of those comments. that's okay. i'm here as business journalist, not to preface my opinion what is going on with canada. trish: your sense of things is aligned with my sense of things
and scott's sense of things so earnings are good. so you're setting stage with could be wonderful opportunity for our markets and consumers and for jobs. that said, this is a president, kristina, who swings for the fences, right? he has taken some chances. we could ask, it could go extraordinarily well and could go really bad. that is what the market is needing to decide right now. >> exactly. trish: in some ways perhaps putting off that decision because we still see this solid -- there is the profit right now. shinzo abe coming out. they will speak to reporters. they have been speaking. a lot on the line with japan, with north korea in terms of trade, in terms of security and so we'll find out momentarily what was discussed if they made any he had way. let's listen in. >> thank you very much. today i'm greatly honored to welcome my good friend, prime minister abe of japan, to the
white house. over the past 16 months the prime minister and i worked closely together to address common challenges, which there are many, seize opportunities and advance the interests of our nations. today we have had another deeply-productive and very valuable discussion. we have developed not only a strong working relationship over the last year and a half, specifically 503 days but a great personal friendship. i was honored by the trend does hospitality the prime minister showed me when the american delegation went to japan last year. it was really something very special. and we had the prime minister and mrs. abe as our guests in mar-a-lago in palm beach. the steadfast alliance between japan and the united states is an enduring force of peace and stability in the pacific region
and around the world. from the beginning of my administration the prime minister and i have been working to expand our cooperation in a range of areas including defense and commerce which is what we discussed today. as i prepared to meet next week with kim jong-un, and i want to bring up the fact that the prime minister and also president moon of south korea were extremely helpful, cooperative and i would like to see something happen. be great for north korea, south korea. be great for japan, the united states and the world. our partnership has been invaluable in reaching this important moment and we will continue to be in very close communication in the weeks ahead including the issue of japanese abductees which i foe is of great personal importance to prime minister abe. i hope the upcoming meeting in
singapore represents the beginning of a bright new future for north korea and indeed a bright new future for the entire world. the denuclearization of the korean peninsula would usher in a new era of pros party and peace for all koreans, and for the and south and for people everywhere. prime minister abe and i are working to improve the trading relationship between the united states and japan, something we have to do. the united states seek as bilateral deal with japan that is based on the principle of fairness and reciprosity. we're working hard to reduce our trade imbalance which is very substantial, remove barriers to u.s. exports, and to achieve a fair and mutually beneficial economic partnership and we're on our way. the prime minister was telling just moments ago they're buying billions and billions of dollars
of additional products of all kinds. military jets, airliners from boeing, lots of farm products. we'll be doing a lot more business with japan which is what everybody wants to see. there has never been a better time to invest in the united states. thanks to our massive tax cuts, historic deregulation, a strong trade policy which is just really begun, because i will tell you over the years it has been an extraordinarily weak trade policy, the opening of american energy and return to the rule of law, our economy is absolutely booming. best it's ever been. unemployment is at the lowest level in nearly half a century, and for african-american and hispanic-american workers unemployment reached its lowest level ever recorded. we welcome and encourage japanese investors to open new
plants and factories in the united states and that will happen. prime minister told me that will happen. we want new auto plants going into michigan and pennsylvania and ohio. and many of our states that have them, and some that don't. they will be doing that. japan is also remained a critical partner in our efforts to promote a free and opa civic region where sovereign nations uphold the rule of law, respect the rights of their neighbors and honor the interests of their people. these core principles allow diverse nations to thrive and prosper all together in one, beautiful, peaceful, atmosphere. we're all happy about it. that is what is happening now. prime minister abe, it's a true privilege to work with you, become my great friend. i want to thank you for being here at the white house. for our meetings today, so
productive. i'm also very proud to say that the bonds between our nations are stronger than ever before. i know that together we could unlock incredible new opportunities, achieve remarkable new prosperity, and insure the safety and security of our citizens for a very, very long time to come and that's what we intend to do. thank you very much, thank you. mr. prime minister. >> translator: mr. president, i am so grateful to you for this meeting that you offered with great hospitality a at such busy time with u.s. and north korean summit meetings are upcoming. i also would like to express my appreciation to the people of the united states for always warmly welcoming us as your ally
in five days u.s.-north korea summit is to take place. first of all i would like to pay my deep respect to the outstanding leadership of mr. trump that he made this decision no past presidents were ever able to accomplish. in the last 18 months we really spent many hours to dcuss this issue. we sha professor repeat the past mistakes. while this thought is completely shared between us we are able to witness an historic talk which will take place shortly. today, with president trump our discussion was focused on on the issue of north korea. what should we do as the north and south korea summit as well as peace and stability of
northeast asia after the summit? on this topic we took good amount of time and carried out in depth and candid exchange of views. i'm not able to talk about the details of what we discussed, but one thing i can say is, that japan, and the united states always together. i strongly hope that this historic summit in singapore be resounding success. there is a beautiful port town facing the sea of japan. a mere 13-year-old girl living there was abducted by north korea. 45 years have passed since then during which time family members, single-mindedly prayed for her return and kept on
waiting. the parents became old, remaining time is slipping away. it is the long-held desire of the japanese people to have her and all of their abductees come home so that the parents, while they are healthy, can embrace the girl and other abductees again arms? i wish to directly face north korea and talk with them, so the abduction problem be resolved quickly. to this end, i am determined to take all possible means. on behalf of the citizens of japan, i would like to thank president trump and the people of the united states for their understanding and support towards the resolution of the
abduction issue. japan will continue to ask for complete implementation success of united nations security council resolutions. there is no change at all for japan policy to seek comprehensive solution of nuclear and missile programs and to realize real peace in northeast asia. this is what japan strongly hopes for. a major step forward is about to being taken, donald, president trump. you are about to make a new history. not only japan, but the whole international community is strongly looking forward for the united states, north korea summit to open doors, toward peace and stability of the northeast asia.
north korea abounds with rich natural resources. north korea has diligent workforce. if north korea is willing to take steps towards the right direction, north korea can see a bright future ahead for itself. japan, based on the japan-north korea-pongyang declaration is prepared to settle the unfortunate past, to normalize our diplomatic relations and to provide economic cooperation. japan wishes to play the role as much as possible. donald, i value highly your strong commitment to world peace and prosperity. in closing, i wish to add, that japan stands ready to make every effort to assist you for the success of u.s. north korea summit. thank you. >> appreciate it. so we'll take a few questions. if we can start, jon roberts, go
ahead. reporter: mr. president, on the subject, i have a question for the prime minister as well. on the subject of north korea, how far are you willing to go in terms of economic, security, political guarranties with kim? are you willing to move down the road towards normalizing relationships, normallyizing relations with north korea as the prime minister suggested he was willing to at some point? you teased as well out on south lawn last week, you might sign a peace deal to end the war. where are you with that? and what was in the letter? >> well the letter was just a greeting. it was really very nice. perhaps i can get approval to put it out. it was really a very warm letter. a very nice letter i appreciated it very much. nothing other than we look forward to seeing you and we look forward to the summit and hopefully some wonderful things will work out. so it was really very warm,
verifies. we appreciated it. i think, jon, that we are going to we're going to have great success. i don't think it will be in one meeting. i think it will take longer than that. this has been going on for many, many decades. this is something that should have been solved by other presidents as i said often before, long before this point, they waited until the last second. they shouldn't have waited. this should have been solved by many others. i'm not just saying president obama. i'm saying other presidents. long time ago this could have been solved, in a lot easier manner. and a lot less dangerous manner. but it wasn't. so i will solve it. we'll get it done. as far as the prime minister's concerned, we will agree and we have agreed we'll be helping, if deal is done, we'll be helping with north korea. we're going to be working with china and south korea. president xi of china has been
terrific. the border is certainly more closed than ever before. i would like them to close it a little bit more. it has been more closed than ever before. china has never worked with us this way, you know, i give him had a lot of credit because as you know we're in a dispute as to the imbalance of trade. there is a massive imbalance in china's favor. it has been that way for many decades. it should have also been handled by previous presidents but it wasn't. so we'll handle that too. i give president xi tremendous credit. i give president moon, tremendous credit. he would really like to see something happen. they have been living with the threat of war from their beginning. it doesn't make sense. i believe kim jong-un wants to do something, i think he wants to see something incredible to happen for people of north korea. shouldn't have waited to this point but we have a lot of great opportunity. jon, please. >> mr. president, would you be
willing to go so far as to normalize relations with north korea? what about the signing some type of agreement on the 12th to end the war? >> it could be. we could sign an agreement. that would be the first step. it is what happens after the agreement that is real i let big point. yes, we could absolutely sign an agreement? we're looking at it. we're talking about it with them. we're talking about it with a lot of other people. but that could happen. but that is really the beginning. sounds a little bit strange but that is probably the easy part. the hard part remains after that. reporter: normalizing relations? >> normalizing relations is something he expect to do, hope to do when everything is complete. we would hope to do that. i know prime minister abe and president moon have told me very strongly they are going to go, help them economically tremendous did tremendously. japan has tremendous stake.
we on the other hand, are very, very far away. japan will be helping of i lieve china will be helping economically also. i think china wants to see something very good happen, very positive happen. certainly south korea already stated their intentions. they will be very helpful. so there are a lot of good factors lined up for north korea. a lot of tremendous factors give it tremendous potential. it has a lot of tremendous potential because the people are freight. we would certainly like to see normalization, yes. >> prime minister abe, if i could address you as well. we know how important an issue the abductees is for you. president trump said at mar-a-lago during your last meeting it is very important issue for him as well. we know about the medium range ballistic missiles. did you get assurance from president trump he would address both of those in his first meeting with kim?
>> translator: today we have four hours of discussion with president trump, good amount of discussion. on issue of abduction i was able to have detailed discussion and i think president trump fully understands the situation. he supports the position of japan. lastly, president trump visited japan. on that occasion he met with the families of abductees. i told but the 13-year-old girl abducted. the mother of this girl met with president trump and very seriously he intently ltene the voices v members. so president trump, amongst the world leaders, i think he is one of the leaders who understands the issue the most, the greatest. so at the upcoming summit the importance of abductee abduction would be explained to
mr. kim jong-un. what about the medium-range missiles? as i said early on in my statement, the security council's resolution must be implemented. all weapons of mass destruction, all ballistic missiles, these are the words used in the resolution of the security council. in other words, the security council resolution must be completely implemented. on this point, between japan and u.s. and international community, share the same view, i'm convinced about it. thank you. >> translator: mr.-- much cbs. next question. i'm from tbs television. i have question for both president trump as well as the prime minister abe. you have not used the language of, applying the largest
pressure on north korea but, i continuing with the sanctions and due denuclearization you will be asking for that. what is the deadline for the denuclearization? my question to the prime minister is, how to apply pressure to north korea and the tone of the language? are you in full agreement, complete agreement with the united states? president trump has stated that we are implementing sanctions and those sanctions are very strong sanctions. he also stated that until north korea takes the action, the sanctions will not be lifted, and japan is in full agreement, and japan's position is perfectly in alignment with the united states. and in our summit meeting this time, we had in depth discussion with president trump how which
should respond to north korea. and ask for the future policy on north korea, inclusive of the u.s.-north korean summit meeting. we have detailed coordination. aligning our positions as i have already mentioned, japan and united states are always together. japan and united states will be in full alignment to seek success for the historic u.s.-another cree summit meeting in singapore. >> yes. thank you very much. maximum pressure is absolutely in effect. we don't use the term anymore because we're going into a friendly negotiation. perhaps after that negotiation i will be using it again. you will know how well we do with the negotiation, if you hear me saying we'll use maximum pressure, you will know the negotiation did not to well, frankly. there is no reason to say it. we in the meantime haven't removed any sanctions. we have a list of over 300
massive in some cases sanctions to put on north korea, and i have decided to hold that until we can make a deal, because i really believe the there is the potential to make a deal. i don't think it is nice going in under those circumstances. the campaign hasn't changed. china continues to hold the border. we again would like them to do more in that sense. but they have really good and, the president has been very good. but maximum sanction is there. we're leaving all of the existing sanctions on. we have, many, many sanctions to go, but i don't want to use them unless it is necessary. i don't think it will be necessary, but we will soon know. okay? thank you. sager and jetty. where is sager? "daily caller". >> thank you, mr. president. i have a question for the prime minister as well. mr. president under what, you said repeatedly you're willing to walk away from the
negotiations if they don't do well. under what exact conditions would you be walking away from that summit? and if the summit does to well will you invite north korean leader kim jong-un to the united states? >> the answer is yes to the second part of the question certainly if it goes well. i think it would be well-received. i think he would look at it very favorably. i think that could happen. all i can say i am totally prepared to walk away. i did it once before. tough be able to walk away. if you're not going to be able to walk away, we didn't walk away from the horrible iran deal that was signed. and if you look what's happened since i signed that deal, iran and in all fairness, i say it with great respect for the people of iran, iran is acting a lot differently. they're no longer looking so much to the mediterranean. they're no longer looking so much to what's going on in syria, what's going on in yemen and lots of other places.
they are a much different country over the last three months. again i say that with hope that maybe something can happen. but when you mentioned sanctions, we're putting sanctions on iran the likes of which nobody has ever seen before. including frankly north korea. that would have been the next phase if we did it or find it necessary to do. nuclear to me is always first and we're going to be fine. with respect to iran. but we also, sager, got something out of it that is very important. a lot of the people that write about this, some of whom i have great respect for but they haven't picked it up, iran is not the same country that it was a few months ago. they are much, much different group of leaders. and i hope at some point they will come to us and we'll sit
down and we'll make a deal that's good for them, and good for us and good for everybody. it will be great for iran. i expect it to be, i want it to be great for iran. but if they would have walked our side, from some of the horrible provisions that you know as well as i do, probably everybody sitting here knows, we could have had a great deal. nothing wrong with a deal, but there is something wrong with that deal. we had a great opportunity to make a phenomenal deal. so i am totally prepared to walk. it could happen. maybe it won't be necessary. i hope it won't be necessary to walk because i really believe that kim jong-un wants to do something great for his people and great for his family and great for himself. okay? thank you very much. reporter: sir, if you invite him to the white oust or to the united states with it be at the white house or mar-a-lago? >> maybe we'll start with the
white house, what do you think? reporter: mr. prime minister, you're only major world leader to have a sit-down or planned sit-down with kim jong-un. you hinted in address you would do so and the matter of abduct tease. do you have any current plans to do so or would it be solely focused on abductees or have a separate denuclearization discussion with kim jong-un directly without the united states? thank you. >> translator: of course. on the issue of abduction, we have to resolve this problem. with the abe administration this is of the highest priority. and if anything contributes to that resolution, if the talk leads to the solution of the problem between u.s. and north korea, or between japan and north korea, meetings, we wish to have. on issue of abduction in the
final analysis, chairman kim jong-un and between me, between japan and north korea, the problem has to be solved. of course japan, for japan, missile issue and nuclear issue, very important. nuclear issue, missile issue, regarding these issues, at the u.s. and north korea summit meeting, first and foremost, i'm hopeful for the progress. and then on the issue of abduction the, we will lee's, we will collaborate with u.s. and international community and japan, ourselves must talk directly with north korea in the final analysis. i am determined about that. >> mr. hyashi.
>> thank you. >> translator: prime minister abe, i have question to prime minister as well as president trump. starting with prime minister, you have already mentioned to a certain degree on the abduction issue in order to hold japan, north korea, summit. the premise that you need to obtain results for the abduction issue. what kind of concrete pathway are you envisaging to hold the summit meeting? in your meeting with president trump today, have you asked the president trump to raise the question of abduction at the u.s.-north korea summit meeting in singapore? next is my question to president trump. are you, kim jong-un has pain -- maintained that abduction issue is something already has been resolved. so what kind of explanation has been given to the fights on abduction issue in north to the u.s. consultations?
and how should we approach north korea in order to seek solution for the abduction? and what did you convey to prime minister abe today in this regard? >> i can speak first because i will tell you on the prime minister's behalf that very much talked about abduction. it was preeminent in our conversations. he talked about it long, hard, passionately. i will follow his wishes and he will discuss that with north korea, absolutely, absolutely. prime minister, go ahead. >> translator: now, at our japan-u.s. summit meeting we had in mar-a-lago as president trump has already explained on abduction issue once again and i
have conveyed to him the ernest wish of the families of the abductees. president trump once again has stated that the abduction issue will be raised at the upcoming u.s.-north korea summit. at the u.s., north korea summit meeting, as to the concrete matters to be discussed i would like to refrain from mentioning this at this juncture but in any case japan's position were explained at length and president trump, has given his understanding and he has promised that the issue would be brought up at the summit meeting in singapore, and i am delighted of this. president trump and international community, i would like to closely work with president trump as well as international community to fix solutions to the issue. in solving the abduction issue japan itself needs to have
direct consultation with north korea. i have not changed my resolve in doing so. and under this decision and the results, what will be conducive to solve the abduction issue? of course i will have to think about the summit meeting for the japan-north korea summit meeting f we have the summit meeting, nuclear missile and be a stuck shun issue, solution to all these issues must be sought. i hope we realize the summit meeting which would lead to solution of the problems. but first and foremost, we need to seek advancement, for abduction, nuclear missile programs, the japan and u.s. closely should cooperate with each other so we will be able to see great success for the historic, u.s., north korea, summit meeting and japan would like to give all-out efforts in
support. thank you. >> i'd like to just close by paying my highest respect and regards and love frankly, i've got to know him very well, the warmbier family, the incredible family of otto warmbier, who was a brilliant, beautiful, terrific young man, and he has not died in vain, i can tell you that. he has not died in vain. so to the warmbier family, our love and our respect. also, i'd like to say that we were tremendously successful in getting our three hostages back. and i'm very thankful to the cooperation that we received from north korea. and three united states citizens are now very happily ensconced in their homes with their families. they're very happy.
they didn't think this was going to happen. and frankly it would never have happened but it has. so i just want to wish them well also. they had a tough journey but i really respect the fact we're able to work with the north korean folks and get them out. they're very, very well-ingrained already. they are back into, they're now going to movies and they're going out to dinner and they're back, they're back in our country and it's a terrific thing. i believe we're going to have a, a terrific success or a modified success but in one form or another it all goes. things can happen between now and then. but i know many of you are are going. i look forward toe seeing you there. look forward to traveling with you. it's a wrong way. but i believe we had the potential to do something incredible for the world. it is my honor to be involved,
thank you very much. thank you. trish: you've been listening to the president of the united states, and the prime minister from japan, shinzo abe there, in their joint news conference. big deal. lots of big stuff coming up. next week, the president sitting down with kim jong-un, in singapore. first time this ever happened. joining me right now, retired four-star gener fox news analyst jack keane. neral, i would like to hear your reaction of what you just heard? >> for a fact i i know why abe s here, obviously what was stated. i was talking to his foreign ministry in japan. abe saw the president couple months ago. why has he wedged himself in here between the g7 and post-singapore summit. it is because of this. he is afraid that the united
states keeps talking about denuclearization, does not decouple denuclearization taking down all of their ballistic missiles. that is the concern they have. that in making the deal they allow north korea keeping ballistic missiles. not just about long-range and medium-range. the foreign ministry told me, north korea's short-range ballistic missiles are not by definition short-range. they can reach japan. that is the major issue. he has a issue at home dealing with the abductees, that is why he talks so much about it. that is emotional issue among the japanese people, understandably so. the real issue is the security of that island, japan and insuring all those ballistic missiles are coupled to denuclearization. trish: where do you think the trump administration is on that? >> 100% behind it? >> -- because he hasn't heard the language, abasia said i'm
going to talk to him personally myself. make sure he truly understands how important this is to us. trish: the president mentioned something that is pretty important, when you're in the negotiations and doing a deal like you have to always be willing to walk away. he cited of course iran and former president's unwillingness to walk away because he was so invested in that. how does this president, who has a ton of pressure on him, and a bunch of people very quickly going to say, see i told you it wouldn't work, if he doesn't actually come out of this with some plan towards denuclearization, out does he, get this done in a way we're getting everything we want, and, north korea follows through? >> well i think, you know, i think you're asking a great question. one of the pressure points on him is what that is. i think, while a lot of the people around the president, i'm talking about the american people, the media, et cetera, see those pressure points and in
terms of his personal success. i think what he looks at, listen, am i going to make the peninsula safer, the region safer, and the world safer? he knows what the objective is. it is complete denuclearization. that is his standard. i think what he thinks about walking away, even though he pay be criticized for it he would rather do that, not make a deal like president obama made. that is why he comes back to the iranian deal. it was so lousy. the objective was to make a deal. with president trump the objective is not to make a deal. the objective get results that he is securing, more american people in that region. that is his measure of personal success. i think he could care less what the media interprets it to be. trish: that is an important distinction. as we watched everything he has done this far, general, he never cares what the media thinks. he thinks they will not give him
a fair shake so he is just going about his business saying i'm going to get stuff done and let me just ask you, we have a little bit left in the show but how do you view back? is that refreshing that he's very different than previous presidents and you now look at this one? >> i'm noticing an american president as certainly right fully so given how much they have ganged up on him ever since his inauguration and since he became president-elect. there has been nothing like it but he has got to be i think where he wants them frankly, to his advantage more than his disadvantage. listen i do want to understand the complications of what is in front of him for this is really tough stuff that he's dealing with in singapore. trish: it is indeed. general king thank you very much. good to have you here.
all right everyone we will be watching all of this tomorrow and of course next week when the president is indeed in singapore with came -- kim jong un. whoever thought we'd be saying back, right? anyway we are continuing to watch the market right now. >> the dow hanging in there we covered that news conference printed trish thank you very much. you sought wrap up live on your screen a rose garden news conference blooming with headlines wrapping up of course moments ago with the white house president from holding a joint press conference with japanese prime minister shinzo abe. covering a wide range of topics with the summit of north korea next week of course. that was a big one. president toensing the two are working hard to improve trade relations between the two nations. abe promising new japanese investments in the united states ahead of tomorrow's g7