Cancelled summit is a 'tremendous setback' for N.Korea, world: Trump

United States President Donald Trump, who cancelled the upcoming summit with North Korea on Thursday, said that calling it off is a lost opportunity for the latter and the world.

According to local media, during remarks at the White House, Trump termed the summit's cancellation a 'tremendous setback' for the North Koreans and the world alike.

"The world, and North Korea in particular, has lost a great opportunity for lasting peace and great prosperity and wealth. This missed opportunity is a truly sad moment in history," Trump said in a letter to Kim Jong-un.

As per a release by the White House on May 24, United States President Donald Trump blamed the 'hostility' and anger displayed by North Korea regarding the US-South Korea Max military drills for calling off the summit.

"Sadly, based on the tremendous anger and open hostility displayed in your most recent statement, l feel it is inappropriate at this time to have this long-planned meeting," Donald Trump said.

Trump further took a dig at Kim Jong-un by saying that "You talk about your nuclear capabilities. But ours are so massive and powerful that l pray to God they will never have to be used".

He further extended his gratitude towards Kim for releasing three US prisoners Kim Hak-song, Tony Kim and Kim Dong-Chul who were held captive on charges of espionage or for doing "hostile acts" against the North Korean government.

"I want to thank you for the release of the hostages who are now home with their families. That was a beautiful gesture and was very much appreciated," Trump added.

He further said that "If you change your mind having to do with this summit, don't hesitate", as referred to canceling of the summit as a missed opportunity.

Earlier on Thursday, it was reported that Kim had threatened to back off from the summit following the military drills as he was quoted by Fox News saying, the United States doesn't stop committing 'unlawful and outrageous acts'.

Earlier on May 23, Donald Trump had said that the fate of the planned summit with North Korean leader Kim Jong-un would be decided next week.

The two leaders were expected to discuss denuclearisation of North Korea in the now-canceled summit.