Mexican Media Brands
S. Korea, U.S. Agree to Update Trade Pact
The U.S. and South Korea agreed on Wednesday to update the 5-year-old free trade agreement between the two countries.
#economics
Share
The U.S. and South Korea agreed on Wednesday to update the 5-year-old free trade agreement between the two countries.
The talks were requested by President Donald Trump, who says the pact has driven up the U.S. trade deficit with Korea. Wednesday’s meeting was a second round of negotiations. The two sides are expected to meet for a third time next month when President Trump visits Korea.
Korea claims the U.S. deficit would have been even larger without the agreement and is pushing for a review of the issue. Last year the U.S. had a trade deficit of nearly $28 billion in goods but a surplus of $10 billion in services.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.