Politics: Trump just signed a revamped commerce cope with South Korea, solidifying his first main win on commerce



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President Donald Trump and South Korean President Moon Jae-in have signed the first main settlement of Trump's commerce agenda. The settlement was an replace with significant enhancements to scale back the commerce deficit between the international locations.

  • President Donald Trump and South Korean President Moon Jae-in have signed the first main settlement of Trump's commerce agenda.
  • The settlement was an replace with significant enhancements to scale back the commerce deficit between the international locations.
  • Trump referred to as it a "very big deal" and in addition revealed he could be assembly North Korean chief Kim Jong Un for a second time.

President Donald Trump and South Korean President Moon Jae-in have signed the first main settlement of Trump's commerce agenda.

The leaders signed an replace to an present US-South Korea free-trade settlement Monday in New York on the UN General Assembly.

Trump referred to as it a "very big deal" and mentioned the brand new settlement makes significant enhancements to scale back the commerce deficit between the international locations and create new alternatives to export American merchandise to South Korea. He additionally mentioned US vehicles, prescription drugs and agricultural merchandise will gain higher entry to Korean markets.

Moon mentioned companies from each international locations will be capable of do business under extra secure circumstances. The South Korean chief additionally mentioned he hopes the revised settlement with the US will help solidify their cooperation in different areas.

Trump is currently on one end of a fierce trade war between the US and China that has escalated in latest days with a new round of tariffs on roughly $200 billion value of Chinese items.

The leaders met 12 months after Trump stood on the rostrum of the meeting and derided North Korea's Kim Jong Un as "Rocket Man." Amid touting an improved scenario with North Korea, Trump acquired a private message Kim had entrusted to Moon after their inter-Korean talks final week.

Trump waved off final year's tense moments on the meeting, saying he was open to Kim's message and extra optimistic about North Korean-American relations on the time of this year's meeting.

"It was a different world," Trump mentioned. "That was a dangerous time. This is one year later, a much different time."

Trump mentioned within the "not too distant" future he could be holding a second assembly with North Korean chief Kim Jong Un that may unfold very similar to their first meeting, besides for the location. He mentioned particulars will likely be introduced "pretty soon."

Secretary of State Mike Pompeo is understanding the small print for the second assembly, Trump mentioned, upon Kim's requested in a letter.



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