North Korea has called off its annual "anti-US imperialism" rally for this year, according to The Associated Press.

North Korean officials did not have any on-the-record comments regarding their decision, but the AP said it confirmed on Monday that the event has been canceled.

ADVERTISEMENT

The rally, which reportedly attracted 100,000 participants last year, is typically held on July 27, when North Koreans celebrate the “Victory in the Fatherland Liberation War.”

The cancelation of this year's event is the latest sign of toned down rhetoric from Pyongyang, as U.S. and North Korean officials work to hammer out the details of an agreement signed earlier this month by President Trump Donald John TrumpBiden on Trump's refusal to commit to peaceful transfer of power: 'What country are we in?' Romney: 'Unthinkable and unacceptable' to not commit to peaceful transition of power Two Louisville police officers shot amid Breonna Taylor grand jury protests MORE and North Korean leader Kim Jong Un.

Trump announced last week that North Korea returned the remains of 200 U.S. or allied service members lost in the Korean War, and the Pentagon announced Friday it would indefinitely suspend two military training exercises with South Korea.

Trump has also praised his North Korean counterpart after their historic face-to-face meeting in Singapore on June 12.

"We have a good chemistry together," Trump said.

But despite the president's positive remarks, the White House said Friday that North Korea is still an “unusual and extraordinary threat” to the U.S.

“The existence and risk of proliferation of weapons-usable fissile material on the Korean Peninsula and the actions and policies of the Government of North Korea continue to pose an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States,” the White House said in a routine notice to Congress.