Hints about the good numbers before the markets open, breaking decades after protocol and giving traders an edge. And canada. President trump imposes steep tariffs s on imports causing a split with some of his closest allies and leaders of his own party by blaming Close Friends like canada for a trade imbalance. Is he setting off a trade war . Im wolf blitzer. Youre in the situation room. Breaking news. A blockbuster announcement from President Trump saying the june 12th summit with kim jongun will take place as originally scheduled in singapore. That follows an extraordinary white house meeting with a top aide to the north korean dictator. The president called the summit the start of a process which he hopes will be very successful, his words. Ill speak with a congressman of the Foreign Affairs and judiciary committees. And our specialists are standing by with full coverage. Straight to the breaking news. Our chief White House Correspondent jim acosta is joining us. A risky turn of events. Take us through it all. Reporter thats right, wolf. They can go back to minting those summit coins. President trump all smiles announcing the summit is back on with kim jongun. The question is whether the president is giving the North Koreans exactly what they want, a big, showy summit with the president delivering not much of anything and republicans voicing that concern tonight. After meeting more than an hour with the north korean envoy carrying a letter from dictator kim jongun, President Trump emerged from the oval office and declared the singapore summit he canceled last week back on. Its a getting to know you meeting plus. Well see where it leads, but were going to june 12th well be in singapore. It will be a beginning. I dont say and never have said it happens in one meeting. Youre talking about years of hostility. Reporter the president is already making it clear hes not expecting to sign on to an agreement in singapore that will guarantee north korea gives up its nuclear arsenal. Still the president signaled he is taking the pressure off the regime. I dont want to use the term maximum pressure anymore because i dont want to use that term because were getting along. You see the relationship. Were getting along. Its not a question of maximum pressure. Why would i do that when were talking so nicely . Reporter there were some conflicting comments from the president , who described the letter from kim jongun as nice and interesting. Letter was given to me by kim jongun and that letter was a very nice letter. Oh, would you like to see whats in that letter. How much . How much . How much . Can you give us a flavor of the letter . It was a very interesting letter. Reporter then he revealed he hadnt read it. I didnt open it. I didnt open it in front of the director. I said would you want me to open it . He said you can read it later. I may be in for a big surprise, folks. Reporter some are urging caution. If its too important for you to get it and the details become less significant, you could get snookered. And i think the president is fully aware of that as he goes in, assuming this meet og cing occurs. Reporter still, the upcoming summit as lowered tensions between the u. S. And north korea at least rhetorically. They will be met with fire and fury like the world has never seen. Reporter for the moment, the namecalling has stopped. Rocket man is on a Suicide Mission for himself and for his regime. Reporter but reaching an actual agreement that leads to a breakthrough will take more than talk. Former president bill clinton chased a deal with north korea through the 90s, but it didnt last. This agreement remits the first step on the road to a nuclearfree korean peninsula. It does not rely on trust. Reporter mr. Trump left for camp david for the weekend without the first lady but with his children, don jr. , tiffany, and ivanka. Before leaving for the weekend, he offered to continue talking with the leaders of canada and mexico after slapping tariffs on steel and aluminum imports coming in from those countries. I love canada, i love mexico, love them. Reporter canadas Prime Minister all but described the tariffs as betrayal. These tariffs are an affront to the longstanding Security Partnership between canada and the United States and in particular an affront to the thousands of canadians who have fought and died alongside their american brothers in arms. Reporter the white house did not offer an explanation for why the first lady was not traveling to camp david this weekend since her medical procedure last month. Shes largely been out of the public eye. That has lasted for about three weeks. As for the letter, the president told the reporters he did not read it, but the white house did get back to us and said the president did read the letter after talking to the press and before leaving the white house. No word whether he was surprised when he read it. Jim acosta at the white house. Lets dig deeper. Our senior Diplomatic CorrespondentMichelle Kosinski is joining us from the state department and will ripley joins us from singapore, where the summit will be taking place in just 11 days. Michelle, first to you. Behind the scenes, what are you hearing . What happened . How is this summit now back on track . The details of the meeting, that conversation, we dont know at this point. You have to assume that something made the president decide that a trump kim summit was going to be successful, but it seems like the definition of what is successful has changed vastly between now and just two days ago. I mean, now the president is talking about it being the very beginning of a long process. But two nights ago, it was wednesday night, we sat down with a Senior State Department official who told us in order for a summit to be successful, the North Koreans have to do things that they have not done before. And this is a direct quote, wolf. He said, between now and if were going to have a summit, theyre going to have to make clear what theyre willing to do. We need action. Yeah. We need a commitment. Were looking for something historic. Were looking for something that has never been done before. So the question is did they get some kind of big commitment from north korea at these meetings over the last couple days . If they have, nobody is willing to say it, and if they havent, why has the requirement now changed before that summit can take place . And we asked the state department that pointblank. Have you got a commitment and why has your requirement possibly now changed . And so far weve heard silence, wolf. Will, youve been to north korea on several occasions. And you know there are ways. Do you think President Trumps vip treatment of north koreas number two man made an impression, and will it be lasting . Reporter well, yes. Certainly, you know, Kim Yong Chol getting a fancy dinner new york, getting permission to travel to washington to deliver that letter, a letter considered the highest form of communication, the most respectful way to communicate with another world leader, so a letter from kim jongun to President Trump is a big deal for the North Koreans. But as far as how this meet willing go in singapore, its an open question, wolf, about what theyre going to be able to achieve, given the fact that north korean definition of denuclearization is a longer, more drawnout process similar to what the cheese have proposed, stepbystep actions take within the United States and north korea simultaneously over a period of years as opposed to this drastic, you know, denuclearization in a period of months, shipping out all of north Koreas Nuclear warheads that has been talked about and kind of thrown out there as one possibility. Will, you err there in siare singapore right now. They need a venue and security. What are you seeing on the ground . Reporter so we know that there is a north korean delegation here along with an american delegation. They are handling logistics, trying to finalize things like where the summit will happen, how long is it going to take place, you know, could it be over one day, could it go a number of days, what are the optics going to be like. And then theyre still having discussions about how the structure will be and what will be on the agenda. We know for President Trump himself human rights not going to be on the agenda. Theyre focusing on denuclearization here in singapore and perhaps hopes are among Administration Officials after they tackle that issue, what which wont be easy, then the other concerns the world has about north korea could gradually come to light. It will certainly be a busy 11 days in singapore. It will argueably be hosting th political geopolitical summit of the century. Michelle, what else are you hearing from your sources at the state department and elsewhere . Nobody is hearing much as to what happened inside this meeting, but there are real doubts among our sources that the u. S. And north korea are anywhere near on the same page as to what denuclearization is. We have seen some bending on the u. S. Side as to what theyre willing, obviously, to have north korea present before a summit can take place. Also the u. S. Has offered some security assurance. Thats what we believe to be north koreas demands are. Theyve even said from President Trump himself saying maybe it could be a phasedin approach. So theres very little indication of how much of that gap was bridged before the president suddenly says today, okay, we are having the summit. You know, does he want to have the summit, to have the summit, and to have that be a historic event . Or are they really getting some kind of gesture and commitment that shows that north korea really is willing to denuclearize . I think thats going to be debated up until the very day of this summit, wolf. Michelle kosinski and will ripley, guys, thanks very much. Both of you will be very busy in the next several days. Joining us now, democratic congressman from rhode island, a member of the Foreign Affairs and judiciary committees. Congressman, thanks for joining us. Did the president make the right call to not only invite Kim Yong Chol to the white house today to have a lengthy hourlong meeting in the oval office, but also make this a very public spectacle in front of all the tv cameras on the lawn for not only people in the United States but for the whole world to see . Well, i think we dont know the answer to that question until the summit takes place, if it does, in fact, take place. Theres no question this president is a master of the theater, and hes played this like a television show. The New York Times is describing it as cliffhanger. Everyone is kind of waiting for next episode. The only problem is this is deadly serious consequences. The president should be approaching this with a lot of somberness. We know the North Koreans have on two prior occasions done exactly the same thing, made promises they intended, take certain actions, we relieve some of the sanctions and while they were doing that they were engaging in serious advancement of their program. So when i heard the president said why should i keep the pressure on, theyre being very nice, we should not take the North Koreans at their word, and the president im concerned wants this summit more than the North Koreans need it. And i think we cant allow that to be the case. Kit not be th it cannot be that the u. S. Or the u. S. President wants this for the theater because he likes the spectacle of it without producing real results that be delu denucleari denuclearize the korean peninsula. I think all of us hope its a success, although its hard to imagine based on the past behavior of the North Koreans and the lack of preparation of this president that it will be, but, you know, well have to wait and see. You did see, congressman, those historic images of the two men on the south lawn of the white house today. They seemed to be having a pretty warm exchange. If thats what it takes to get this summit on track, is that worth the cost of handing the North Koreans a propaganda victory at least in the short term . Well, if in the end it results in the denuclearization of the korean peninsula, the answer to that is of course yes. But we should never lose sight of what were dealing with here. This is a brutal regime that at least at this point believes having Nuclear Weapons and the ability to deliver them is essential to the maintenance of the regime. And that hasnt changed. So i think the president cannot expect that because he believes hes developed some kind of warm relationship with this brutal dictator that theyre somehow going to make a different calculation about their own security. So, you know, i hope it results in that, but i think we have to know the history of the korean peninsula, the behavior of the North Koreans and understand where the pressure points are with them. That requires lots of preparation, lots of expertise, lots of study. I get nervous because im not sure the president has done all of that. The president is scaling back expectations. He emphasized that this summit is likely to be a getting to know you kind of meeting rather than final negotiations on denuclearization of the korean peninsula. Is he setting the right expectations now . Well, i think hes explaining why every previous president has refused to give this propaganda victory to the North Koreans, that, in fact, before a u. S. President there would be to be some understanding of the outcome and they would take actions that would resolve the crisis. The president is now saying oh, no, were just getting to know each other so hes already significantly changed the first expectation that there would be some kind of resolution, but hes given them basically everything they want, a meeting with the president of the United States, which is a huge victory for them, with no expectation theres going to be a single bit of change in behavior by the North Koreans. Thats not necessarily a good thing. I ges uess its better to be ta than not. Theres no military resolution thats possible without serious loss of life, so diplomatic solution is the only mechanism, but i think we shouldnt expect a lot out of this meeting. We have a bunch of photos and im not sure a lot of results. I hope im wrong, and i hope the president is surprised and has a full resolution of it, but its hard to believe that will happen when you look at the history of the peninsula, what the current thinking is of the regime, of kim jongun, and the necessity of protecting his regime and staying in power and really not saying anything that would suggest that hes willing to give up Nuclear Weapons in Exchange Even for Financial Assistance from the u. S. Congressman, thanks so much for joining us. My pleasure. Up next, more breaking news as President Trump announces the summit with kim jongun is back on, he also makes clear he views it as a start of a getacquainted process. President trump celebrates strong jobs numbers and low employment. But are his new tariffs sparking a trade war that could kill american jobs . 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