Curator note: After reading thousands of newspaper articles over the past three years, several patterns have emerged. One is a common one that we all see where Trump makes statements designed to cause maximum trouble, tell obvious lies, threatens, bullies, and tries to intimidate. He then gets his desired outraged emotional response. Just like a World Wide Wrestling match. Then he moves on. Now that I read the follow up articles, I know that it is common for nothing to change, as reported on this Korean trade deal.
Underlying all this hysteria and chaos is the following: We are living in a global, free trade economy, an economy that was supported and enhanced immensely under Obama’s leadership and direction. That is what has made us strong. Trump may be able to ruin it and drive it into bankruptcy. We will see.
WASHINGTON — President Trump signed a revised free trade agreement with South Korea on Monday in New York, cementing the first bilateral trade deal of his administration and suggesting the United States could soon win similar agreements with other trading partners.
“It’s a great day for the United States, and it’s a great day for South Korea,” Mr. Trump said during a meeting with President Moon Jae-in of South Korea.
The revised United States-Korea Trade Agreement includes steps to open up the Korean market to increased American exports, most notably for automobiles, and will allow the United States to continue imposing a 25 percent tariff on Korean trucks until 2041.
But analysts said there are few fundamental changes to the existing agreement, which was negotiated under President Barack Obama and which Mr. Trump has blamed for hundreds of thousands of lost American jobs. And they said the revised agreement includes few provisions that will appreciably change the trade balance between the two countries, which Mr. Trump has complained about.
