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…
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