Scrapping South Korea pact would be rash mistake: U.S. trade lobby
Scrapping the U.S.-South Korean trade agreement would be a rash mistake, the U.S. Chamber of Commerce said on Tuesday, ahead of a first meeting this week between U.S. President Donald Trump and new South Korean President Moon Jae-in. In an interview with Reuters in April, Trump called the five-year-old KORUS trade pact “horrible” and “unacceptable” and said he would either renegotiate or terminate it. U.S. Chamber of Commerce executive vice president Myron Brilliant said U.S. exports to South Korea had not risen as much as expected and the U.S. trade deficit had grown, but these we not reasons to end the agreement.
