President Trump Says U.S. Is Renegotiating Trade Deal With South Korea

TIME

(WASHINGTON) — President Donald Trump said Friday the United States is renegotiating its trade deal with South Korea as he met the nation’s new leader for talks also addressing the nuclear weapons threat from North Korea.

Trump welcomed South Korean President Moon Jae-in for formal talks at the White House a day after they met over dinner. As well as concerns over North Korea’s technological progress toward a nuclear-tipped missile that could strike the continental U.S., Trump is pushing for a narrowing of the U.S. trade deficit with South Korea.

Since his 2016 election campaign, Trump has been critical of a 2012 bilateral free trade agreement and barriers to U.S. auto exports. South Korea had trade surplus of $17 billion with the U.S. last year when including both goods and services.

“We are renegotiating a trade deal right now as we speak with South Korea and hopefully it will be…

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About williwash

A writer, a human rights activist, an adventurer and a poet.
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