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Trump considering ending South Korea trade pact
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| Contributor | RP |
| Last Edited | RP Sep 02, 2017 09:16pm |
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| Category | Speculative |
| Author | Jonathan Swan |
| News Date | Saturday, September 2, 2017 11:00:00 PM UTC0:0 |
| Description | President Trump is seriously considering withdrawing from the U.S.-Korea Free Trade Agreement (KORUS), sources familiar with the matter tell Axios.
Administration sources have cautioned that no final decision has been made, but the leaking of these deliberations has startled many in the U.S. business and pro-trade communities, who were under the impression that KORUS withdrawal was not in the cards for 2017.
Why this matters: More than $100 billion of annual trade between U.S. and Korea in goods — and billions more in services — hangs in the balance as Trump weighs this decision. Withdrawing from the trade deal would also damage relations between the U.S. and a key ally in Asia at the same moment the North Korean threat is escalating to historic proportions. |
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