William Katz:  Urgent Agenda

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MAJOR STEPS – AT 12:53 P.M. ET:   There is movement in the Korean situation.  This must be attributed to the pressure President Trump has expertly applied to North Korea.  From CNN:

(CNN)  The leaders of North and South Korea will meet on April 27 for the first time since 2007, the two countries announced Thursday after high-level talks.

The landmark meeting between President Moon Jae-in and Kim Jong Un will be held at Freedom House on the southern side of the Demilitarized Zone (DMZ), according to the joint statement issued after the talks.

Officials from both sides will hold working-level talks on April 4 to prepare for the meeting and agree on security and media arrangements, it added.

The summit will be seen as a victory for Moon, who has long been pushing hard for diplomatic relations with North Korea. He said at his swearing-in ceremony in 2017 "for peace on the Korean Peninsula, I will do everything that I can do."

The last Inter-Korean summit was held in October 2007, when then President Roh Moo-hyun met Kim's father, Kim Jong Il.

The confirmation of the summit is the outcome of weeks of hurried diplomacy, after a surprise thaw in relations on the Korean peninsula earlier this year.

In January, the North Korean government unexpectedly resumed communications with South Korea and agreed to talks, sending a team to South Korea's Winter Olympics.

COMMENT:   President Trump is expected to meet with the North Korean dictator, whom he correctly labeled "Rocket Man," in May.  Obviously, caution is called for.  Mr Trump is taking a gamble that he can negotiate Kim Jong Un into an agreement that will end, or at least freeze, North Korea's nuclear and missile programs.  The problem, of course, is that we've tried that before, without success. 

This time, though, may be different.  Trump is not Obama.  He understands the word "results."  He is not afraid to back away from a bad deal.  To Obama, almost any piece of paper was a good deal. ( I understand he will soon be given the Neville Chamberlain Award for negotiating excellence.)

Dramatic days ahead.  President Reagan liked to quote the Russian proverb, "Trust, but verify."  Good advice.

March 29,  2018