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US President Biden to veer from Trump, Obama policies in taking on North Korea

The White House said Friday that President Joe Biden plans to veer from the approaches of his two most recent predecessors as he tries to stop North Korea’s nuclear program, rejecting both Donald Trump’s deeply personal effort to win over Kim Jong Un and Barack Obama’s more hands-off approach.
Press secretary Jen Psaki announced administration officials had completed a review of U.S. policy toward North Korea, seen as one of the greatest and most vexing national security threats facing the United States and its allies. Psaki did not detail findings of the review, but suggested the administration would seek a middle ground between Trump's “grand bargain” and Obama’s “strategic patience” approaches.
“Our goal remains the complete de-nuclearization of the Korean Peninsula with a clear understanding that the efforts of the past four administrations have not achieved this objective,” Psaki told reporters on Air Force One as Biden traveled to Philadelphia.
The administration announced it would conduct the review soon after Biden took office in January. Psaki said officials consulted outside experts, allies and predecessors from several previous administrations as part of the process.
“Our policy will not focus on achieving a grand bargain, nor will it rely on strategic patience,” she said.
Biden, like his old boss Obama, has confirmed that he sees North Korea as perhaps the most delicate foreign policy quandary for the United States and its allies. But Psaki's comments suggest distancing from Obama's dual-track policy that kept engagement open for its good behavior while seeking to impose sanctions for its bad behavior.
The Biden administration also appeared to signal it is trying to set the stage for incremental progress, in which denuclearization steps by the North would be met with corresponding actions, including sanctions relief, from the U.S.
There was no mention of U.S. security guarantees for North Korea or a formal end to the Korean War, both of which had been demanded by the North and considered by the Trump team as part of a larger package.
The Biden administration is expected to be focused less on developing rapport with Kim and more on consulting with Japan and South Korea, both of which had looked askance at Trump’s attempts to cultivate Kim as a friend or elevate him to the level of an international statesman.
Biden administration officials have been consulting with Trump administration officials who took part in the Singapore talks between Kim and Trump in June 2018 as well as a second meeting in February 2019.
The last face-to-face talks between senior officials from the two countries were held in Sweden in October 2019, and efforts by the Biden administration to resume a dialogue have been rebuffed.
North Korea fired short-range missiles in March, just days after the sister of Kim Jong Un threatened the United States and South Korea for holding joint military exercises. Those tests were not prohibited under United Nations sanctions.
Days later, the North fired two short-range ballistic missiles into the sea in a defiance of U.N. resolutions that ban such launches by North Korea.
The missile launches followed a trip by Secretary of State Antony Blinken and Defense Secretary Lloyd Austin to Japan and South Korea last month as Washington pushes to restore its alliances in Asia.
During the trip, Blinken sternly criticized North Korea’s nuclear program and human rights record and pressed China to use its “tremendous influence” to convince the North to denuclearize.
source: The Associated Press
Image source: AFP
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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