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Mattis: US Prefers Diplomatic Approach
13 August 2017, 06:39 | Darnell Patrick
Image via Getty
Defense Secretary Jim Mattis says the Trump administration is working with its allies on a diplomatic solution to escalating tensions with North Korea.
He said that the U.S.is dealing with the North Korean threat with an effective diplomatic effort.
He pointed out that the UN Security Council unanimously voted last week to characterize North Korea's statements as a "threat to the world's community".
In a diplomatic win for the USA, the measures were approved unanimously - including by Russian Federation and China, the North's sole major ally, according to AFP.
"The tragedy of war is well-enough known it doesn't need another characterization beyond the fact that it would be catastrophic". Secretary of State Rex Tillerson has also sought to promote dialogue and diplomacy over military action.
Turnbull added: "If North Korea decides to carry out some of its violent threats, then obviously bad consequences will follow".
He added: "It is absolutely rock solid and everyone understands that".
And while Mattis warnedon Wednesday that North Korea would be "grossly overmatched" by the US and its allies if a military conflict were to break out, some senior administration officials have provided a counterpoint to the President's more inflammatory rhetoric. "The Secretary General welcomes all initiatives that will help deescalate tensions and welcomes a return to diplomacy".
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He does something in Guam, it will be an event the likes of which nobody's seen before, what will happen in North Korea, ' Trump told reporters in New Jersey, without offering specifics.
"If North Korea does anything in terms of even thinking about attack, of anybody that we love or we represent or our allies or us, they can be very, very nervous", Trump said.
He says an announcement is planned soon.
The warning followed Trump's tweets earlier in the day that the US nuclear arsenal is "now far stronger and more powerful than ever before". And he insists his administration has "done a lot of modernization" and "a lot of renovation" already.
Trump has said he would not allow Pyongyang to develop a nuclear weapon capable of hitting the United States.
The Northern Viper drills are one of the scheduled exercises that Japan's Self Defence Forces conducts regularly with their US counterparts and are not a response to the latest tensions.
Trump earlier showed no contrition about his remark on Wednesday that aggression by North Korea would be met with "fire and fury like the world has never seen".
North Korea has unleashed personal attacks on past Washington and Seoul leaders. North Korea says it will "keep closely watching the speech and behavior of the U.S".
Japan and South Korea vowed a strong reaction if the North were to go through with the plan.
S&P falls 1.4 percent in safety flight on North Korea tensions
The data comes amid tepid inflation that has remained below the Federal Reserve's 2 percent target, despite low unemployment. The Dow Jones was down 0.3% in opening trade, declining to 22,016.8 and the wider S&P 500 index dropped 0.48% to 2,463.18.
Futures lower as North Korea tensions linger
The VIX, a measure of how much volatility investors expect in stocks, jumped 25.2 percent, the biggest increase since May. The stock fell $2.04 to $20.99. "The slight bias to the upside (in stocks) is a result of the CPI number.
Gold buoyed by North Korea tensions, U.S. inflation data
Against the greenback, the Swiss franc eased about 0.1 percent to 0.9645 per dollar, having surged about 1.1 percent on Wednesday. President Trump says North Korea has "disrespected our country greatly", adding his "fire & fury" warning "wasn't tough enough".
North Korea talk drags stocks lower; gold, yen rise
The dollar index (.DXY), which measures the USA currency against a basket of other major currencies, fell 0.14 percent. Crude oil prices tumbled on the back of the selloff on Wall Street and lingering concerns over global oversupply.