Pyongyang has promised to deliver a “Christmas gift” if there is no progress on easing up on sanctions. But any movement on that front seems nearly impossible at this stage considering talks with Washington have stalled and the North Korean regime is once again insulting Trump regularly. As tensions with North Korea increase, and especially if there is a test around the holidays, it would mark a huge blow to one of President Donald Trump’s major foreign policy initiatives. And it would happen right as he gears up for the presidential campaign.