North Korea has been publicly mulling the idea of crafting a plan that would send four nuclear capable missiles at Guam, the US territory in the Pacific where over 160,000 live.
North Korea probably isn't going to launch missiles at Guam just yet
North Korea said that it is considering crafting a plan. It may then present that plan to Kim Jong Un. Kim may then decide to act on it.
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But this is no imminent warning. North Korea said that it was considering crafting a plan. It may then present that plan to Kim Jong Un. While he may decide to act on it, he's under no pressure or obligation to do so.
In other words, the North Korean statement is packed with off ramps, or ways they can back down without directly contradicting itself.
Asked if North Korea's statement meant the country would nuke Guam on a press call from 38 North, Robert Carlin, the former chief of the Northeast Asia Division at the State Department's Bureau of Intelligence and Research, was unequivocal.
Joe Bermudez, an analyst at 38 North, pointed out that North Korea's Hwasong-12, the missile it mentioned in the statement, has only been tested four times, and only succeeded once. "This is not a good ratio or percentage of success to base a significant military operation upon," said Bermudez.
Simply put, North Korea's missile isn't good enough or reliable enough to actually fire towards Guam. The risk outweighs the reward, as North Korea wouldn't even get good data back on its reentry vehicles, something that has troubled it in the past.
At this point North Korea's Hwasong-12 is more useful rhetorically than practically. That said, crossing Trump by responding to his threat with one of its own could be seen as a win.