President Donald Trump ordered the Treasury Department to withdraw its latest sanctions aimed at North Korea on Friday, rescinding a directive administration officials made the day before.
What are the details?
In a move Politico called a "remarkable reversal," the president tweeted, "It was announced today by the U.S. Treasury that additional large scale Sanctions would be added to those already existing Sanctions on North Korea. I have today ordered the withdrawal of those additional Sanctions!"
The Washington Post noted that no new sanctions were announced by the Treasury on Friday, but the department's Office of Foreign Assets Control did clamp down on two Chinese shipping firms Thursday for allegedly trying to skirt North Korean sanctions.
White House press secretary Sarah Sanders confirmed the president's decision, saying in a statement, "President Trump likes Chairman Kim and he doesn't think these sanctions will be necessary," referring to North Korean dictator Kim Jong Un.
The president's tweet came the same day that North Korea pulled its officials from a liaison office shared with South Korea, signaling a breakdown in the newly built diplomatic ties between the two nations. According to Reuters, the office had been "set up as a regular channel of communications to ease hostility between the two rivals, which technically remain at war."
The Trump administration has been in ongoing talks with North Korea in an attempt to convince the country to denuclearize, but the most recent summit between the president and Kim was cut short over a disagreement on terms. Last week, Kim threatened to withdraw from discussions with the U.S. altogether, and resume missile testing.
Senior U.S. officials declared Thursday that "the door is wide open" for further talks with North Korea, NBC News reported.