It sure looks as if President Trump was hoodwinked in Singapore.

Trump made a huge concession — the suspension of military exercises with South Korea. That’s on top of the broader concession of the summit meeting itself, security guarantees he gave North Korea and the legitimacy that the summit provides his counterpart, Kim Jong-un.

Within North Korea, the “very special bond” that Trump claimed to have formed with Kim will be portrayed this way: Kim forced the American president, through his nuclear and missile tests, to accept North Korea as a nuclear equal, to provide security guarantees to North Korea, and to cancel war games with South Korea that the North has protested for decades.

In exchange for these concessions, Trump seems to have won astonishingly little. In a joint statement, Kim merely “reaffirmed” the same commitment to denuclearization of the Korean Peninsula that North Korea has repeatedly made since 1992.

“They were willing to de-nuke,” Trump crowed at his news conference after his meetings with Kim. Trump seemed to believe he had achieved some remarkable agreement, but the concessions were all his own.