Showing posts with label Trump gets South Korean concessions in first trade deal. Show all posts
Showing posts with label Trump gets South Korean concessions in first trade deal. Show all posts

Friday, March 30, 2018


By Politico, Mar. 27, 2018

President Donald Trump has reached the first trade deal of his administration, getting South Korea to make a few changes to a six-year-old pact he said was a horrible deal.

Trump had largely criticized the previous agreement largely because of the U.S.’s auto trade deficit with South Korea, which has grown significantly since the deal went into force in 2012. At his insistence, the two countries launched talks last year to renegotiate the pact.