White House: Donald Trump and Emmanuel Macron on growing North Korea's threat

Trump says US considering additional sanctions on North Korea

Trump: North Korea's Kim would 'truly regret' attack on Guam

Just as we reach the 72nd anniversary of the nuclear bombings of Hiroshima and Nagasaki, Trump is making thinly veiled threats to again use USA nuclear weapons if North Korea continues the same behavior.

Former President Jimmy Carter has released a statement online in which he criticizes the White House's lack of effort towards finding a peaceful solution to the increasing hostile North Korea.

"Trump looks forward to seeing Xi in China later this year, a meeting that will be a very historic event".

As the crisis has unfolded, Trump has alternated praising China for its help and chiding it for not doing more. While North Korea is testing the patience of its longtime benefactor, such a scenario could lead to a unified Korea and push USA troops right up to China's border.

On Tuesday, the commander in chief said the rogue nation "will be met with fire and fury like the world has never seen". Trump also said the USA was considering tighter sanctions against North Korea.

Trump continued to ramp up the rhetoric with a post on Twitter this morning indicating that the U.S.is prepared to take military action against North Korea.

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Meanwhile, Boris Johnson has said the regime of Kim Jong Un is responsible for the crisis over North Korea's nuclear programme and must now "fix it".

Terence Roehrig, a national security affairs professor at the U.S. Naval War College in Newport, Rhode Island, said Trump's posture suggested he was trying to dissuade Kim from further provocations rather than setting the stage for a U.S. military strike.

Jamil Jaffer, founder of the National Security Institute at George Mason University's Antonin Scalia Law School in Arlington, Virginia, said Trump's "muscular response" to North Korea was "the exact type of resolve we need to force the hand" of Pyongyang's "Chinese patrons".

The two leaders also reiterated a commitment to the denuclearization of the Korean Peninsula. For one, they didn't want to put somebody in a corner.

Developments regarding the situation with North Korea may remain in focus next week, although traders are also likely to keep an eye on reports on retail sales, housing starts, and industrial production.

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