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North Korea says it may cancel Trump summit if the U.S. insists the country give up its nukes

North Korean state media announced on Wednesday that leader Kim Jong Un may reconsider meeting with President Trump in Singapore next month if the United States continues to demand that the country give up its nuclear program.

The news agency quoted Kim Kye Gwan, the first vice minister of foreign affairs, as saying the U.S. has discussed "giving us economic rewards and benefits when we give up nuclear weapons. We have never built economies expecting things from the U.S. and will never do such a deal in the future." He also said Trump will remain a "failed president" if he follows the same path as his predecessors.

On Tuesday, North Korea canceled plans to meet with South Korean officials due to joint military exercises between South Korea and the U.S.