>> I have decided to terminate the planned summit in Singapore on June 12th>> And just like that it was off. President Trump not only canceling the summit with Kim Jong Un, but also warning that the US military stood ready to respond to any reckless actions bringing the US and North Korea right back to a state of heightened tensions
>> I believe that this is a tremendeous setback.>> Reuter's correspondent Jeff Mason.>> President Trump decided to pull out of the summit with North Korea, basically because of North Korea's reaction to something vice president Mike Pence said referring to the Libya option for North Korea. And after the suggestion that came in a statement from a North Korean official that either the summit would happen or a nuclear conflict would happen.
President Trump and his advisors decided it just was not the right time hold the summit. And that's a big blow for this White House, after the president really built up the possibility of having a break through agreement in Singapore.>> The White House even issuing a Trump-Kim summit coin weeks before the planned meeting.
>> I think we're rocking. I think we're ready.>> On Thursday, Secretary of State, Mike Pompeo said he hope talks could resume on dismantling North Korea's nuclear program, and said the cancellation was a disappointing development. South Korean president, Moon Jae-in, also expressed disappointment, saying quote I'm very perplexed and it is very regrettable that the North Korea-US summit will not be held on June 12th when it was scheduled to be held.
>> There was a somewhat different attitude.>> Trump suggested this week that Kim's recent meetings with Chinese president Xi Jinping had influenced Kim to harden his stance ahead of the summit.>> He made a point of saying the other day at the oval office that he didn't wanna place any blame, but he was clearly putting a little bit of blame on China for what seems to have been a change in rhetoric on the North Korean side.
>> In a statement released later on Thursday, North Korea said it's open to resolving its issues with the United States whenever and however. Saying quote we had set in high regards President Trump''s effort unprecedented by any other president to create a historic North Korea-US summit.