South Korea Wants Step by Step Approach to KORUS

Taylor Hillman Industry News Release, Trade

Trade leaders from South Korea are asking for a step by step approach to the U.S.-Korea Free Trade Agreement. Following last week’s discussion on terminating the agreement by President Donald Trump, Korea says: “Let’s go step by step, rather than just jumping the gun.” It is possible Trump could seek to renegotiate the trade deal, like his move regarding the …


KORUS Review Could Follow NAFTA Renegotiations

Dan Industry News Release

The Donald Trump Administration appears to be planning to reexamine the United States-Korea Free Trade Agreement (KORUS) after the North American Free Trade Agreement renegotiations, if not sooner. Politico reports that U.S. Trade Representative Robert Lighthizer this week formally requested talks with South Korea to consider changes to the five-year-old deal, with a focus on reducing the $28 billion bilateral …