Trump considers leaving major S Korea trade deal

Trump says he will discuss South Korea trade deal with senior advisers

President Donald Trump hinted yesterday he may pull out of the country's 5-year old free trade agreement with South Korea, saying he would discuss the fate of the pact with his advisors this coming week. If you can mobilize Republican governors or other opinion leaders who can make the geo-strategic security argument, now is the time.

The US Chamber of Commerce said in an email to members that it and other business groups "have received multiple reports" that the Trump administration is prepared to notify South Korea of its intent to withdraw from KORUS tomorrow, and possibly sooner. In turn, South Korea would be free to increase its own tariffs on USA goods. "But we need you to engage now and start contacting your representatives, senators, governors and whoever else you can think of to warn President Trump that this would be a awful move for the USA beef industry and the agriculture community".

Mr. Trump has threatened previously to withdraw from KORUS, as well as the North American Free Trade Agreement, calling both bad deals for the U.S. The U.S. trade deficit previous year under KORUS was $17 billion.

Trump's pressure on South Korea on trade also comes as the administration is considering whether to take broader action against foreign-made steel.

The United States, Canada and Mexico formally launched talks last month on renegotiating NAFTA, and are holding a second round this week in Mexico City.

The meeting between Lighthizer and South Korean Trade Minister Kim Hyun-jong appears to have gone badly, the Chamber memo said. She tells Alabama News Network: "the free trade act is really important for Hyundai"...and disbanding it completely "would damage Hyundai competitiveness in the U.S".

Dell Championship: Rory McIlroy misses cut as Jon Rahm leads in Boston
That final matter might not be in the forefront of his mind this week, but it is lingering somewhere nearby. One of them had to stop himself mid-swear, realizing a syllable in that his father was standing nearby.

Trump criticized the agreement previous year on the campaign trail, calling it "a bad" deal that hurts USA industries and workers. "We want something that's going to be good for the American worker".

Sasse said he and the president have a "basic disagreement about trade", arguing on Twitter Trump holds "18th-century views" on the issue. But he also noted the renegotiation was an opportunity to address those concerns.

Terminating a symbolic free trade pact with South Korea, however, would not be that easy as it could send the wrong message to North Korea about the alliance between South Korea and the United States at a time when North Korea has pushed brinkmanship over nuclear and missile programs to the limit.

But it remains unclear whether the administration would actually withdraw from the deal, and industry representatives who have lobbied the White House say the President's team has done little of the work - like a wide consultation with affected industries - needed before taking such a step.

That the administration would even consider cancelling the agreement in the midst of the North Korean missile and nuclear crisis is astonishing, Mr Green said.

Related News:

  • USA  asks Russian Federation  to close its consulate in San Francisco

    USA asks Russian Federation to close its consulate in San Francisco

    After a month of mulling it over, they have chose to close three Russian diplomatic missions in the U.S., a move which the U.S. According to the BBC , "no Russian staff would be required to leave the country" when the consulate and trade missions close.
    Meet the Galaxy J7 Plus: Samsung's second dual-camera smartphone

    Meet the Galaxy J7 Plus: Samsung's second dual-camera smartphone

    However, it is believed that this new Samsung J7 Plus will be rolled out in other markets soon. Coming to the camera set-up, the Galaxy J7 + see a major improvement on the optical front.
    Police search two homes in case of missing Temple University student

    Police search two homes in case of missing Temple University student

    In his statement to police, Hupperterz "admitted to elements of the crime", Philadelphia Police said during the press conference. Homicide units were seen at the site of the home, as well as a cadaver dog, but the dog did not find anything.
  • Moses helps Nigeria trounce Cameroon

    Moses helps Nigeria trounce Cameroon

    As if that was not enough, Mikel Obi , with a corner kick taken by Victor Moses , slipped in the second goal at the 41 minute. The Super Eagles arrived in Yaounde around noon today, following their impressive 4-0 win over Cameroon on Friday.
    Records broken in 5th ODI between India and Sri Lanka

    Records broken in 5th ODI between India and Sri Lanka

    Kohli and Manish Pandey (36) and Jadhav joined in creating crucial partnerships which eventually sealed the match and series 5-0. Earlier, he was tied at 99 stumping in the 50-over format with legendary Sri Lankan keeper Kumara Sangakkara.
    Imagination Technologies Group plc

    Imagination Technologies Group plc

    It improved, as 38 investors sold LOCK shares while 51 reduced holdings. 94 funds opened positions while 97 raised stakes. The stock of Genesis Energy, L.P. (NYSE:GEL) has "Market Perform" rating given on Wednesday, January 11 by Wells Fargo.
  • Kvitova fights back from knife attack to shine at US Open

    Kvitova fights back from knife attack to shine at US Open

    After winning that game, Muguruza gained a little confidence and definitely gave Kvitova a hard time closing the match out. Kvitova, whose first event this year was the French Open, has a new appreciation for her chances at Grand Slam glory.
    US Open: Serena Williams' coach lobs back insult at Maria Sharapova

    US Open: Serena Williams' coach lobs back insult at Maria Sharapova

    She has not dropped a set so far and has been broken just once, but Stephens has always been a tough match-up for the German. Sharapova maintained that she took the drug for years because of a magnesium deficiency and family history of diabetes.
    Justice Dept: No evidence of Trump Tower wiretapping

    Justice Dept: No evidence of Trump Tower wiretapping

    The President is not well, and facts offered up by the DOJ back up the idea that Donald Trump might be insane. We have already addressed it", said White House press secretary Sarah Huckabee Sanders.
  • Former champion Cilic suffers stunning US Open exit

    Former champion Cilic suffers stunning US Open exit

    He made his Grand Slam main-draw debut there this July, losing in the first round, but has taken significant strides since. American John Isner, the 10th seed, will face No. 23 Mischa Zverev on Friday night at Arthur Ashe Stadium.
    Stacy Lewis wins, donates her earnings, $195000, to Hurricane Harvey relief efforts

    Stacy Lewis wins, donates her earnings, $195000, to Hurricane Harvey relief efforts

    Hurricane Harvey continues to wreak havoc across Texas, forcing over 43,000 people to evacuate their homes. Lewis played brilliant, inspired golf breaking through to end her three-year winless spell.
    Michigan Beats Florida 33-17 Despite Wilton Speight's Struggles at QB

    Michigan Beats Florida 33-17 Despite Wilton Speight's Struggles at QB

    FLORIDA: The Gators have their final tuneup before SEC play , hosting Northern Colorado for their home opener next Saturday. After connecting with wideout Josh Hammond for a 34-yard gain on his first pass of the game, Franks couldn't do much else.


Most liked

'Game of Thrones' actors thought fans may gag at their sex scene
It's a pretty conflicting scene that has fans rooting for Daenerys and Jon's love affair despite its incestuous truth. As Lyanna was passing the baby to her brother Ned on her death bed, she told him his name: Aegon Targaryen .

Record-Setting NASA Astronaut, Crewmates Prepare for Return to Earth
The ISS crew will comprise Russian cosmonaut Sergey Ryazansky, NASA astronaut Randolph Bresnik and ESA astronaut Paolo Nespoli. The crew is also set to go through a standard post-flight medical evaluations.

Sony Picks Up THE CROW Reboot
This did not end the franchise, which received a sequel called The Crow: City of Angels two years later. Directed by Alex Proyas, the original " The Crow " grossed $50.7 million at the domestic box office.