Trump has repeatedly signaled openness to renewed personal diplomacy with Kim Jong Un, including June 2026 comments at the G7 summit where he told South Korea’s president he would restart talks and posted an image from their prior Singapore meeting. These statements, alongside scaled-back U.S.-South Korea exercises and Kim’s positive response, have sustained some trader interest in a possible visit by year-end. However, current market pricing around 8-11% reflects the lack of any confirmed itinerary, North Korea’s demands for recognition as a nuclear power without denuclearization preconditions, and the administration’s focus on other priorities such as the recent Iran agreement. China’s June 2026 engagement with Pyongyang and historical patterns of stalled follow-through after initial outreach further temper expectations for a near-term trip.