Trump, Moon Jae-In Ink New ‘Big Deal’ Trade Agreement

Trump, Moon Jae-In Ink New ‘Big Deal’ Trade Agreement
President Donald Trump and South Korean President Moon Jae-in held a signing ceremony for a new United States-Korea trade deal. According to CNN, the signing followed a bilateral meeting at the United Nations Monday afternoon. President Donald Trump thanked Vice President Mike Pence, US Trade Representative Robert Lighthizer, Treasury Secretary Steve Mnuchin and National Economic Council Director Larry Kudlow for their “tremendous work” throughout negotiations, which began in July 2017. Speaking of the United States-Korea Free Trade Agreement, Trump said, “It’s a very big deal,” and that was “fair and reciprocal.” The deal is designed to reduce the trade deficit and expand opportunities to export American products to South Korea, including automobiles, medicine and agricultural products.

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