KORUS Meeting Included Discussions of Tariffs and Market Access
Korean and U.S. officials discussed "market access and tariffs" during a meeting in Seoul about the U.S.-Korea Free Trade Agreement, the Office of the U.S. Trade Representative said in a news release. The U.S. "emphasized steps to rebalance the Agreement…
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to improve the large trade deficit in industrial goods, including autos and auto parts," it said. Both sides expect to set dates for a meeting in Washington soon, the USTR said. “These negotiations are an example of the Trump Administration’s commitment to making trade deals fair and reciprocal,” U.S. Trade Representative Robert Lighthizer said. “We must build on these negotiations with substantive and expeditious progress that will benefit the American people. In every trade relationship, the United States will stand up for U.S. workers and manufacturers, especially those facing serious injury or harm by unfair trade practices.”