US, S Korea agree on new trade agreement
The US and South Korea have reached an agreement to revise their six year-old trade pact, a senior administration official said today, describing it a “historic” development and a big political win for President Donald Trump. The agreement has come after Trump recently told reporters while signing a USD 1.3 trillion spending bill that his administration was “very close” to striking a trade deal with South Korea. Trump has been a big critic of the existing trade deal between the two countries, slamming it as “horrible” and threatening to yank…
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