U.S.-South Korea Trade Deal Talks Face New Hurdles
The Wall Street Journal reports that negotiations over President Trump’s trade deal with South Korea have become strained after recent talks in Washington. Commerce Secretary Howard Lutnick has discussed with Seoul raising the previously guaranteed $350 billion U.S. commitment toward figures closer to the $550 billion Japan pledged, a shift South Korean officials privately say moves the goalposts and puts the pact on shaky ground.
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📰 Sources (1)
Why U.S.’s Trade Pact With South Korea Has Gotten Messier
New information:
- U.S. Commerce Secretary Howard Lutnick engaged South Korean officials in talks at a Washington, D.C. business roundtable last month.
- Lutnick has discussed increasing Seoul’s previously guaranteed $350 billion commitment and suggested a final tally nearer Japan’s $550 billion pledge.
- Reporting is attributed to people familiar with the discussions, including an adviser to South Korea’s government.