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U.S. hopes for 'successful discussion' on South Korea-U.S. free trade deal



미 무역대표부 한미 FTA 개정 논의 원해 President Trump has repeatedly labeled the South Korea-U.S. free trade agreement as unfair, job-killing... and even just plain horrible. His feelings are well-documented,... but reports that emerged over the weekend brought the issue back under the spotlight. They said Trump is considering dumping the deal altogether,... but the American official leading related talks with Seoul seems optimistic the two sides can reach a compromise. Kim Hyesung reports. The Trump's administration's point man on trade,... Robert Lighthizer, is looking to cool speculation President Trump is close to terminating the South Korea-U.S. Free Trade Agreement. Speaking in Mexico City on Tuesday,... Lighthizer said Washington is looking to negotiate some changes to the five-year-old pact... after concluding meetings on NAFTA with his Mexican and Canadian counterparts. The U.S. Trade Representative added the Trump administration would like to iron out differences and hopes for a successful discussion with South Korean representatives. President Trump has repeatedly slammed the deal as unfair to American workers. He even reportedly called for a possible termination last weekend, citing that since the FTA has been in force, the U.S. trade deficit in goods with South Korea has doubled from 13 billion U.S. dollars to over 27 billion in 2016. But as with other major trading partners, the U.S. enjoys a significant surplus in services trade with South Korea, which approached near eleven billion dollars last year. According to the Washington Post, senior White House officials, including National Security Advisor H. R. McMaster and Defense Secretary James Mattis, are against a pullout. They are urging Trump to hold more discussions with Seoul, particularly at a time of heightened tensions on the Korean peninsula. American businesses and trade groups have also expressed concerns over the possibility of President Trump scrapping the deal. The U.S. Chamber of Commerce said it opposes withdrawal in the strongest possible terms, saying the move would not create a single American job, but cost many. The Seoul-based Korea Institute for International Economic Policy released a study this week that estimated the United States has more to lose if it pulls out. It said that,... without the deal, South Korea's trade surplus with the U.S. would have been 260 million dollars more than now... due to higher tariffs. Kim Hyesung, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld

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