Washington, May 24 (PTI) Describing the cancellation of the June 12 summit meeting with Kim Jong-un as "a tremendous setback" for North Korea, President Donald Trump today warned that the US military is ready to act should Pyongyang take any "foolish and reckless" action.

Trump said that he has spoken to his Defense Secretary Jim Mattis and his military leadership in this regard and that both South Korea and Japan are prepared for any eventuality and the two countries have agreed to bear the substantial cost of any such military action against North Korea.

"Our military, which is by far the most powerful anywhere in the world that has been greatly enhanced recently as we all know, is ready as necessary," he told reporters at the White House.

He said the cancellation of the Singapore summit is a "tremendous setback" for North Korea and the world.

But he hinted that there is still some possibility of a June 12 summit meeting with Kim in Singapore or even at a later date.

"If and when Kim Jong-un chooses to engage in constructive dialogue and actions, I am waiting," he said.

Trump said the very strong sanctions imposed by the US on North Korea will continue.

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