Alliance Tested as Trump Pulls Out of South Korea Drill

Bloomberg senior geoeconomics analyst Adam Farrar discusses the abrupt US-South Korea military exercise cutback, North Korea's expanding nuclear and missile capabilities, the low odds of a real Trump-Kim breakthrough, and the diversion of US military assets from the Indo-Pacific to the Middle East. He warns the moves raise questions about Washington's ability to sustain its security commitments in Asia. - US and South Korea sharply cut joint military exercises after Trump ordered a scale-back, surprising Seoul and US Forces Korea. - Farrar says North Korea's nuclear warhead count is large and growing, with delivery systems improving through tests and use in Ukraine. - North Korea may gain further missile technology from Moscow, but near-term use against South Korea or Japan is unlikely. - Trump-Kim personal ties remain, but Farrar sees very low odds of a real diplomatic breakthrough. - The US moved a carrier, destroyers, and Patriot and THAAD interceptors from the Indo-Pacific toward the Middle East. - Farrar sees questions rising about Washington's enduring ability to meet Asian defense commitments.