Wall Street Starts to Pay Attention to North Korea Tensions

Faith Castro
August 12, 2017

The statement is a direct response to bipartisan criticism of the ultimatum Trump issued to North Korea on Tuesday.

With the Pacific Island of Guam in the firing line, President Donald Trump has inflamed the risky standoff with North Korea by boasting of America's nuclear arsenal. On Tuesday, Trump threatened to rain "fire and fury" on the Hermit Kingdom, which prompted a swift response from the North, which threatened to bomb Guam, a United States territory in the Pacific.

The threats came amid reports that North Korea has devised a nuclear weapon capable of fitting inside its inter-continental ballistic missiles.

The North Korean nuclear issue needs a peaceful resolution, Chinese President Xi Jinping told U.S. President Donald Trump in a telephone call on Saturday, and called on the "relevant side" to exercise restraint, state television said.

So if it just stays right where it is, the threat being made that military action by the North Koreans would be met with fire and fury - you know, and we're leveraging that in order to make important progress on the diplomacy as well as the economic pressure, which is key. He is risky. As a citizen, a former US Senator and 12-year member of the (Senate) Armed Services Committee, I urge you to act at once. "Do you want a much better future - the entire world community is saying one thing - or do you want a much worse future?"

"I support peace, I support safety, and I support having to get very tough if we have to protect America or our allies", said Trump. "There's no real reflection in the budget, it's just a continuation - they didn't stop anything, they didn't slow anything down and they also didn't accelerate anything". At times, the White House has tried to deprive North Korea of the attention experts believe its erratic leader seeks with each nuclear test.

Chinese President Xi Jinping
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In the meantime, President Trump claimed that maybe his "fire and fury" words weren't strong enough, and maybe he should have used stronger language to threaten North Korea. After Trump's "fire and fury" comment, Pyongyang announced it was examining plans for attacking the tiny Pacific island of Guam.

CARDIN: Well, clearly, there has been some progress made with the United Nations vote on additional sanctions. They could lob chemical weapons into South Korea where 150,000 Americans live as well as multiple United States bases and over 2 million South Koreans in Seoul alone. "I think that's why the rhetoric coming out of Pyongyang is beginning to become louder and more threatening".

But the president's ad-libbed threat reflected an evolving and still unsettled approach to one of the most risky hot spots in the world. If he starts a war with North Korea without congressional approval, that would be grounds for impeachment. "We're going to save a lot of money".

"I have no comfort in the way that the president is conducting foreign and military policy", he said.

CARDIN: It's good to be with you.

More news: North Korea nerves rattle stocks, lift gold, yen

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