According to a report by the Washington Post the President is preparing to pull the United States out of it’s trade deal with South Korea. Since the trade deal went into effect in 2012, U.S. Trade representative Lighthizer said the U.S. “trade deficit in goods with Korea has doubled from $13.2 billion to $27.6 billion, while U.S. goods exports have actually gone down. This is quite different from what the previous Administration sold to the American people when it urged approval of this Agreement. We can and must do better.”
Trump was hopeful that negotiates could result in a better trade deal after meeting with the South Korean president in June.
Just finished a very good meeting with the President of South Korea. Many subjects discussed including North Korea and new trade deal!
— Donald J. Trump (@realDonaldTrump) June 30, 2017
President Trump has called out the free trad deal with South Korea for the US’ widening $27.6 billion trade deficit, but the South Korean government has refused to negotiate in good faith and make any concessions.
The President has no choice, but to eliminate a one sided trade deal that has actually resulted in less U.S. exports to South Korea since it’s inception. But the globalist faction in the White House is pushing Trump not to abandon the crap the deal:
A number of senior White House officials are trying to prevent Trump from withdrawing from the agreement, including national security adviser H.R. McMaster, Defense Secretary Jim Mattis, and National Economic Council Director Gary Cohn, these people said.