US and South Korea revise trade deal


Kim: We had heated discussions. The latest agreement removed two uncertainties. — AP

SEOUL: The United States and South Korea agreed to revise a trade pact sharply criticised by US President Donald Trump, Seoul said, with US automakers winning improved market access and South Korean steelmakers hit with quotas but avoiding hefty tariffs.

The planned changes in the US-Korea Free Trade Agreement (Korus) come as Trump seeks to strike a balance between his domestic agenda and the need to work closely with Seoul to try to contain a nuclear-armed North Korea.

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Business , South korea , US , Steel

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