Relations between the United States and North Korea continue to hinge on the legacy of prior high-level engagement, including the 2019 summit between President Trump and Kim Jong Un. Trader sentiment reflects ongoing uncertainty about whether renewed diplomatic channels or policy shifts could produce another visit by the specified deadline, shaped by North Korean nuclear developments, sanctions enforcement, and U.S. statements on engagement versus pressure. Recent months have seen limited public signals from either side, with attention focused on potential talks at multilateral forums or bilateral backchannels. Historical patterns indicate such visits require concrete progress on denuclearization or security assurances and remain sensitive to regional tensions involving South Korea and China.