U.S., South Korea agree to new trade deal
(Worthy News) – The U.S. and South Korea have agreed to a new trade deal that promises to boost America auto exports and limit imports of Koran steel, senior Trump administration officials said Tuesday.
The agreement was struck following months of negotiations, but President Trump’s new tariffs on steel and aluminum gave the U.S. added leverage in the final bargaining sessions.
“This is both a good deal for both countries and a very big deal in the history of U.S. trade negotiations,” said a senior administration official who briefed reporters on the deal. “This agreement is visionary and innovative, and underscores a pattern of failure by previous administrations to negotiate fair and reciprocal trade deals that benefit both countries.” [ Source: Washington Times (Read More…) ]
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