Trump Announces New US-SKorea Free Trade Agreement

Tanya Cunningham
September 25, 2018

President Donald Trump says a second summit with North Korean leader Kim Jong Un is likely to take place "quite soon". -South Korea free-trade agreement.

Denuclearization talks between the U.S. and North Korea had stalled since Trump called off Pompeo's scheduled visit to Pyongyang in July, citing what he called a lack of progress in the North Korean denuclearization process.

But South Korean lawmakers, who must sign off on the deal, have warned they will not approve it if the U.S. imposes tariffs on Korean cars as part of Trump's threat to protect domestic carmakers from global imports.

The president said he thinks American farmers "are going to be extremely happy", and be sending a lot more farm products to South Korea.

As he begins the sequel to his stormy United Nations debut, U.S. President Donald Trump will again confront the dangers posed by North Korea's nuclear threat, though its shadow may appear somewhat less ominous than a year ago.

The US president similarly described the trade deal with Seoul as a breakthrough and completely unlike an earlier deal, known as Korus, negotiated by the Obama administration.


Earlier this month, Director of National Intelligence Dan Coats told a conference in Washington that the US intelligence assessment of North Korea's nuclear intentions had not changed despite some symbolic steps by Pyongyang in early June to destroy the entrances to some nuclear testing tunnels and to start dismantling some other equipment.

However, James Schoff, a former senior adviser for east Asia policy at the Pentagon, now at the Carnegie Endowment for International Peace, said: "Trump's claim that this is a new agreement is not accurate, since only a few portions of the original deal have been reworked (and they used the amendment process in Korus to get it done)".

Pompeo has proposed a meeting with Ri at the General Assembly this week. "This is one year later, a very different time". El-Sissi said it's an obligation Trump has made clear. Mr. Moon is expected to convey to Mr. Trump a personal message from Mr. Kim delivered at their inter-Korean talks last week. Trump called it a "very big deal" and said the new agreement would make significant improvements to reduce the trade deficit between the countries and create new opportunities to export American products to South Korea.

"I expect I'll be travelling to Pyongyang before too long", he said.

He adds, "Today we commit to fighting the drug epidemic together".

"Chairman Kim expressed his wish to finish complete denuclearization at an early date and focus on economic development", Moon said of his meeting with the North Korean leader in Pyongyang. The subject initially was to have been Iran, but that could have allowed Iranian President Hassan Rouhani to attend, creating a potentially awkward situation for the US leader. The penalties are a result of Trump's decision to withdraw the USA from the 2015 Iran nuclear deal.

Other reports by

Discuss This Article

FOLLOW OUR NEWSPAPER