March 28, 2018
Renegotiation of the KORUS trade deal between the United States and South Korea has been accomplished “in principle,” according to senior administration officials who hailed the “visionary and innovative” agreement as one that may inform future deals.
“This is both a good deal for both countries and a very big deal in the history of U.S. trade negotiations,” said one senior administration official who called the agreement “visionary and innovative.”
Details of the deal were communicated to reporters in a Tuesday evening phone briefing.
One of the officials said that this deal “underscores a pattern of failure by previous administrations to negotiate fair and reciprocal trade deals that benefit both countries.”
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