Pressure from the Ag community continues to build, as the President continues to toy with the idea of withdrawing the U.S. from the Korea-U.S. free trade deal, known as KORUS. Hundreds of farm leaders were in Washington, D.C. recently to make their case for keeping KORUS and expanding farm trade.
South Korea Trade Teams Tour U.S. Agriculture
The U.S. Grains Council says trade teams from South Korea visiting the U.S. over the last three months helps solidify trade between the U.S. and Korea under the U.S.-Korea Free Trade Agreement, known as KORUS. The Council has been hosting trade teams this summer from South Korea, visiting U.S. farmers and grain suppliers in eight states. USGC says South Korean …
Beef Industry to White House: Scuttling KORUS is Also a ‘Job Killer’
The U.S. beef industry says if President Trump withdraws the US from the Korea-U.S. Free Trade Agreement, millions of dollars and thousands of jobs will be lost throughout the Midwest and other regions. As the president tries to appeal to blue collar workers in the rust belt who voted for him, the National Cattlemen’s Beef Association tells the White House, …
White House Suspends Discussions on Ending KORUS
White House officials have temporarily halted discussions on the possibility of terminating a free trade agreement with South Korea. A senior White House official told Reuters on Wednesday night that the deal could still be terminated but there were no immediate plans to do so. President Trump had been talking with his senior advisers about the possibility of withdrawing from …
KORUS Withdraw Would Harm Pork Producers
Iowa State University says pork prices could fall by nearly five dollars per-animal if the U.S. withdraws from the U.S.-Korea Free Trade Agreement, known as KORUS. President Donald Trump suggested the action over the weekend, but the administration has backed away from those claims this week. National Hog Farmer magazine reports that if KORUS is terminated, the United States likely …
Grassley Weighs in on Latest Threats to Withdraw From Trade Agreements
A key U.S. ag senator has weighed in on President Trump’s latest threats to withdraw from trade agreements, including one with strategically important South Korea, the KORUS agreement. Longtime Senate Ag Republican Chuck Grassley doesn’t think ditching a trade deal with one of America’s biggest trading partners in ag and manufacturing, South Korea, makes much sense But like NAFTA, now …
Agriculture to Trump: Don’t Mess with KORUS
Agriculture groups responded to President Donald Trump’s comments regarding a free trade agreement with South Korea over the weekend by urging the President not to withdraw from the accord. Trump said the U.S. would consider withdrawing from the U.S.-Korea Free Trade Agreement, known as KORUS. U.S. Wheat Associates chairman Mike Miller says: “It would be irresponsible to unilaterally walk away …
South Korea Says No to KORUS Talks
Government Officials in South Korea say the U.S. and Korea have not reached an agreement on possible revisions to the U.S.-Korea Trade Agreement, known as KORUS. A South Korea news agency reports that the nation’s top negotiator said there were differences between the U.S. and South Korea regarding the trade deal, but declined to elaborate. A meeting this week between …
USTR Seeking Input on KORUS
The U.S. Trade Representative’s (USTR) Office has asked a group of industry advisors to provide feedback on potential changes to the U.S. free trade agreement with Korea (KORUS). World Trade Online reports that USTR is seeking the feedback by mid-August, after recently asking its industry trade advisory committees for ideas on the implementation of the agreement and issues “impacting fair …
Trump Threatens to Terminate ‘KORUS’
In a recent interview, President Donald Trump threatened to terminate a trade agreement with South Korea, which he referred to as a “horrible deal that’s left America destroyed.” A Washington Post article says Trump sharply criticized the U.S. free trade agreement with South Korea, known as “KORUS,” which was most recently ratified in 2011. “It’s a Hillary Clinton disaster, a …