United States To Withdraw Free Trade Deal With South Korea

September 2, 2017 3:17 pm6 commentsViews: 56

United States President Donald Trump is preparing to withdraw free trade agreement with South Korea and the process may begin by next week. Experts believe the move may strike tensions between the two countries.

South Korea is a key ally of United States in the region and this is the sensitive time for both the nations when they are coordinating efforts together to confront North Korea over its missile program.

According to White House spokesperson the move may benefit domestic industries and South Korea may reciprocate by slapping tariffs on the imported goods from the US.

He added discussions are currently ongoing but yet there is no announcements at the time.

Meanwhile, it is learned some of the key White House officials like National Economic Council Director Gary Cohn and Defense security adviser H.R. McMaster have been urging the president not to scrap the deal.

The move but recollects the campaign promises of Trump when he said to tear up those trade deals which has put US workers at a disadvantage position.

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