WASHINGTON/SEOUL: President Donald Trump mentioned on Tuesday a US trade take care of South Korea has been fully renegotiated and may be signed at the United Nations, the place leaders have accrued for the 73rd consultation of the General Assembly.
In March, the 2 nations agreed in concept to revise the deal, which Trump had criticised for increasing US trade deficits with South Korea.
"The trade deal with South Korea has been fully renegotiated and is ready for signature," Trump told a news convention.
"We may sign it at the United Nations or shortly thereafter. It was a terrible deal for the United States, now it's a fair deal."
South Korea's trade ministry is preparing for the possible signing between President Moon Jae-in and Trump all over the U.N meeting subsequent week, a ministry legit mentioned.
She mentioned it was hoped the deal may well be implemented from Jan. 1, 2019, but the schedule depended on a parliamentary approval.
Separately, the Trump management is thinking about whether to impose price lists of up to 25 p.c on US imports of vehicles and auto parts from south Korea and other nations underneath the "Section 233" investigation.
South Korea has mentioned it should be exempt from the price lists, saying it had already made concessions in vehicles underneath the revised trade deal.
Euisun Chung, govt vice chairman at Hyundai Motor Group, on Sunday left for the United States to meet US Commerce Secretary Wilbur Ross and other officials to discuss tariff exemptions, a presidential aide mentioned.
In March, the 2 nations agreed in concept to revise the deal, which Trump had criticised for increasing US trade deficits with South Korea.
"The trade deal with South Korea has been fully renegotiated and is ready for signature," Trump told a news convention.
"We may sign it at the United Nations or shortly thereafter. It was a terrible deal for the United States, now it's a fair deal."
South Korea's trade ministry is preparing for the possible signing between President Moon Jae-in and Trump all over the U.N meeting subsequent week, a ministry legit mentioned.
She mentioned it was hoped the deal may well be implemented from Jan. 1, 2019, but the schedule depended on a parliamentary approval.
Separately, the Trump management is thinking about whether to impose price lists of up to 25 p.c on US imports of vehicles and auto parts from south Korea and other nations underneath the "Section 233" investigation.
South Korea has mentioned it should be exempt from the price lists, saying it had already made concessions in vehicles underneath the revised trade deal.
Euisun Chung, govt vice chairman at Hyundai Motor Group, on Sunday left for the United States to meet US Commerce Secretary Wilbur Ross and other officials to discuss tariff exemptions, a presidential aide mentioned.
Trump says US-South Korea trade deal may be signed at UN
![Trump says US-South Korea trade deal may be signed at UN]()
Reviewed by Kailash
on
September 19, 2018
Rating:
