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-Ladies and gentlemen, the President of the United States,

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Donald Trump.

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-It's my honor today to address the people of the world

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following this very historic summit

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with Chairman Kim

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Jong-un of North Korea.

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We spent very intensive hours together.

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Chairman Kim and I just signed a joint statement

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in which he affirmed his unwavering commitment

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to complete denuclearization of the Korean Peninsula.

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We will be stopping the war games,

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which will save us a tremendous amount of money,

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unless and until we see the future negotiation

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is not going along like it should.

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But we'll be saving a tremendous amount of money.

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Plus, I think it's very provocative.

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And they're tremendously expensive.

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The amount of money that we spend on that is incredible.

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They proceeded down a path in the past,

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and, ultimately, as you know, nothing got done.

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In one case, they took billions of dollars --

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during the Clinton regime --

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took billions of dollars and nothing happened.

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That was a terrible thing, and he actually brought it up to me.

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And he said, "We have never gone this far."

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But I noticed that some of the people were saying that,

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"The President has agreed to meet, he has given up so much."

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I gave up nothing. I'm here.

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I haven't slept in 25 hours,

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but I thought it was appropriate to do

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because we have been negotiating for literally around the clock

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with them and with us and with --

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But we haven't given up anything, other than --

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you're right, I agreed to meet.

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I mean, I've read horror stories.

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It's a 15-year process.

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Okay?

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Assuming you wanted to do it quickly, I don't believe that.

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I think whoever wrote that is wrong.

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But there will be a point at which,

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when you're 20% through, you can't go back.