South Korea, US at odds over next steps on free trade deal revisions

South Korean and U.S. officials failed to agree on Tuesday on how to move forward on discussions over their five-year-old free trade agreement that Washington is seeking to change to help cut its trade deficit with Asia’s fourth-largest economy. Reuters reports that a one-day video conference between U.S. Trade Representative Robert Lighthizer, South Korean Trade Minister Kim Hyun-chong and the trade pact’s joint steering committee ended without a decision on the next steps for possible revisions. Read more…