On June 12, 2018, after several rounds of preliminary staff-level meetings, Trump and Kim met at a hotel in Singapore. They talked one-on-one with only interpreters present, then had a working lunch along with staff and advisors. They signed a joint statement agreeing to new peaceful relations, security guarantees for North Korea, reaffirmation of North Korea's promise to work toward denuclearization of the Korean Peninsula, recovery of soldiers' remains, and follow-up negotiations between high-level officials. At a follow-up press conference, Trump announced that the U.S. will stop holding joint military exercises with South Korea, calling them "provocative". Immediately after the summit, Trump declared, "there is no longer a Nuclear Threat from North Korea."