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At a planned ceremony to sign the bill rolling back the Dodd-Frank banking regulations, President Trump first made his first public remarks on the letter he sent Thursday morning, cancelling the planned June 12 meeting with North Korean dictator Kim Jong Un.

Trump said, “While many things can happen and a great opportunity lies ahead potentially, I believe this is a tremendous setback for North Korea, and indeed, a setback for the world. I’ve spoken to General Mattis and our joint chiefs of staff, and our military, which is by far, the most powerful in the world, that has been greatly enhanced recently, as you all know, is ready if necessary.”

“Likewise, I have spoken to South Korea and Japan, and they are not only ready should foolish or reckless acts by taken by North Korea, but they are willing to shoulder much of the costs of any financial burden, any other costs associated by the United States, in operations, if such an unfortunate situation is forced upon us,” Trump added.

“If and when Kim Jong Un decides to engage in constructive dialogue and actions, I am waiting. In the meantime, our very strong sanctions – by far the strongest sanctions ever imposed – and maximum pressure campaign will continue, as it has been continuing,” Trump said, adding that “We will never compromise the safety and security of the United States of America.”

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