US, N. Korea go from threats to possible summit in a flash

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Instead, Kim only promised to stop nuclear and ballistic missile testing and said he accepted the right of the US and South Korea to move forward with joint military exercises later this year.

On a phone call Friday with Trump, Chinese President Xi Jinping said he hoped the U.S. and North Korea would start dialogue as soon as possible and strive for positive results, China's state-run Xinhua news agency said.

I'm looking forward to bringing more basketball diplomacy to North Korea in the upcoming months.

Rice said there are steps that could be taken to make the meeting productive, but she expressed caution in describing the meeting as "high risk" and commenting that Trump "may not have the temperament" to execute a successful meeting.

Media playback is unsupported on your device                  Media caption Kim Jong-un and Donald Trump From enemies to frenemies
Media playback is unsupported on your device Media caption Kim Jong-un and Donald Trump From enemies to frenemies

A new White House contingency could mean President Donald Trump may not meet with North Korean leader Kim Jong Un after all. The Trump administration has yet to appoint a permanent ambassador to South Korea and its top North Korea diplomat, Joseph Yun, announced his surprise retirement last month.

Japanese Prime Minister Shinzo Abe and Trump, in a call on Thursday, promised to continue to enforce sanctions until Pyongyang took "tangible steps. towards denuclearisation", the White House said in a statement.

"A meeting is being planned", Trump said on Twitter on Friday after accepting an invitation to meet from Kim.

"We do hope that this meeting is going to take place", Lavrov said after meeting with African Union chairperson Moussa Faki Mahamat at the body's headquarters in the Ethiopian capital.

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North Korea has not yet responded to the news of Trump's decision to meet with Kim.

Domestic shares tracked broader Asia which rallied on news of the first U.S. - North Korea summit after Kim Jong Un offered to stop nuclear and missile testing.

Hours before the news broke, Tillerson had said direct talks between the USA and North Korea were still in the distant future.

North Korea's Kim, who has denounced previous Foal Eagle exercises as practice for an invasion, has asked that Foal Eagle and Key Resolve either be cut short or scaled down, but said that the exercises would not affect the proposed talks with Trump, according to South Korea's top envoy to the North.

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Before the White House began setting out conditions for the talks, China and Russian Federation welcomed the prospect of a summit.

"I think it's very risky", Rice said.

USA -based experts say North Korea appeared to show last November that it has succeeded in developing a missile capable of delivering a nuclear weapon anywhere in the United States.

"Now it's a question of agreeing on the timing of the first meeting between the two of them, and that will take some weeks before we get all that worked out", Efe quoted Rex Tillerson as saying.

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The Trump administration has led a worldwide push to tighten global sanctions on North Korea to choke off resources needed for its weapons programs.