Connect with us

Politics

Trump signs trade deal with South Korea in major win

Published

on


AP_18267738811258 (1)
President
Donald Trump hands a pen he used to South Korean President Moon
Jae-In at a signing ceremony for the United States-Korea Free
Trade Agreement at the Lotte New York Palace hotel during the
United Nations General Assembly, Monday, Sept. 24, 2018, in New
York.


Evan
Vucci/AP



  • President Donald Trump and South Korean President Moon
    Jae-in have signed the first major agreement of Trump’s trade
    agenda.
  • The agreement was an update with significant
    improvements to reduce the trade deficit between the
    countries. 
  • Trump called it a “very big deal” and also revealed he
    would be meeting North Korean leader Kim Jong Un for a
    second time. 

President Donald Trump and South Korean President Moon Jae-in
have signed the first major agreement of Trump’s trade agenda.

The leaders signed an update to an existing US-South Korea
free-trade agreement Monday in New York at the UN General
Assembly. 

Trump called it a “very big deal” and said the new agreement
makes significant improvements to reduce the trade deficit
between the countries and create new opportunities to export
American products to South Korea. He also said US automobiles,
pharmaceuticals and agricultural products will gain better access
to Korean markets.

Moon said companies from both countries will be able to do
business under more stable conditions. The South Korean leader
also said he hopes the revised agreement with the US will help
solidify their cooperation in other areas.

Trump is currently on one end
of
 a fierce trade
war between the US and China
 that has escalated in
recent days with a new
round
 of tariffs on
roughly $200 billion worth of Chinese goods. 

The leaders met 12 months after Trump stood at the rostrum
of the assembly and derided North Korea’s Kim Jong Un as
“Rocket Man.” Amid touting an improved situation with North
Korea, Trump received a personal message Kim had entrusted
to Moon after their inter-Korean talks last week.

Trump waved off last year’s tense moments at the assembly, saying
he was open to Kim’s message and more optimistic about North
Korean-American relations at the time of this year’s
assembly. 

“It was a different world,” Trump said. “That was a dangerous
time. This is one year later, a much different time.”

Trump said in the “not too distant” future he would be holding a
second meeting with North Korean leader Kim Jong Un that will
unfold much like their first meeting, except
for the location. He said details will be announced “pretty
soon.”

Secretary of State Mike Pompeo is working out the details for the
second meeting, Trump said, upon Kim’s requested in a letter.

Continue Reading
Advertisement Find your dream job

Trending