The new statement comes just nine days after he tweeted "There is no longer a Nuclear Threat from North Korea."
Trump says North Korea still an 'extraordinary threat'
From threatening nuclear war to making friends, President Donald Trump again switched his stance on North Korea late last week saying the country still poses an "extraordinary threat" to the United States.
In an executive order, the president extended for one year the so-called "national emergency" with respect to the nuclear-armed nation, re-authorizing economic restrictions against it.
While expected, the declaration comes just nine days after Trump tweeted, "There is no longer a Nuclear Threat from North Korea," following his summit with its leader Kim Jong Un in Singapore.
The order appears to undermine the president's claim.
It states that "the existence and risk of proliferation of weapons-usable fissile material" and the actions and policies of the North Korean government "continue to pose an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States."
The national emergency has been in place since 2008 and is a sign of the enduring tensions between the U.S. and North Korea that spiked last year as the North moved closed to perfecting a nuclear-tipped missile that could reach American soil, but ebbed with the June 12 summit where Kim agreed to "complete denuclearization" of the Korean Peninsula.
The two sides, however, still have to negotiate the terms under which the North would give up its nukes and win relief from sanctions — a goal that has eluded U.S. administrations for a quarter-century.
Trump claimed at a Cabinet meeting Thursday that denuclearization had already begun, although Defense Secretary James Mattis told reporters a day earlier that he wasn't aware that North Korea had taken any steps yet toward denuclearization, and that detailed negotiations have not yet begun.
Meanwhile, the Pentagon said Friday evening that it has "indefinitely suspended" a major military exercise with South Korea, known as Freedom Guard and scheduled for August, as well as two Korean Marine exchange training exercises.
Officials had announced Monday that planning for Freedom Guard had been suspended in line with Trump's decision to halt what he called U.S. "war games" in South Korea.
A Pentagon spokeswoman, Dana W. White, said further decisions about military exercises in South Korea "in support of diplomatic negotiations" led by Secretary of State Mike Pompeo will depend on North Korea "continuing to have productive negotiations in good faith."
The US also sent caskets to the peninsular nation to bring back the remains of soldiers killed in the 1950-53 Korean War. The return of the remains was one of the few tangible agreements Mr Trump brought back from Singapore.