President Trump on canceled summit: World losing opportunity for peace

WASHINGTON -- On Thursday, the White House announced that President Donald Trump canceled the June 12 summit in Singapore with North Korea's Kim Jong Un.

In a letter to Un, Trump said the meeting was canceled based on "tremendous anger and open hostility" displayed in a recent statement.

In a statement, the North Korean government referred to Vice President Mike Pence was a "political dummy" and said it is just as ready to meet in a nuclear confrontation as at the negotiating table.

The letter stated that Trump felt it was "inappropriate, at this time, to have this long-planned meeting."

"You talk about your nuclear capabilities, but ours are so massive and powerful that I pray to God they will never have to be used," the letter continued.

The president called the cancellation a missed opportunity for peace.

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 ended the note stating that he hopes to have a meeting in the future and thanked him for releasing the American hostages.

The cancelation came just hours after reports that North Korea demolished a nuclear test site in the northeast mountains.

The Associated Press contributed to this post