US Seeks to Renegotiate South Korea Trade Deal
BBC
It called South Korea a "key trading partner" but said it "had real concerns about our significant trade imbalance".
The US trade deficit for goods and services with Korea was about $17bn last year, although it recorded a surplus in services.
The move is the latest attempt by Donald Trump to alter trade terms.
The US president wants to overhaul the North American Free Trade Agreement and has threatened tariffs on foreign products, such as steel.
He also withdrew from the 12-nation Trans Pacific Partnership agreement in January.
South Korea is a major US trade partner, with the US exchanging about $144.6bn (£112bn) in goods and services with the country last year.
Other materials on this subject
- Russia, Iran are negotiating creation of common steblecoin on gold The Iranian government intends to secure this token with gold, that is, it will be a kind of steblecoin. The token is expected to work in a special economic zone in Astrakhan, which will receive cargo...
- G7 coalition has agreed to set fixed price for Russian oil The initial price itself has not been set, but should be in coming weeks, multiple sources said. Coalition partners agreed to regularly review the fixed price and revise it as needed, the source said,...
- Details of 8th package of EU sanctions against Russia became known Thus, Brussels will establish a legal basis for determining the price ceiling for Russian oil for its transportation by sea from December and oil products - from February 2023.
- White House Accuses Opec+ of Aligning with Russia The Opec+ group said it would reduce production targets by 2mn barrels a day, equivalent to 2 per cent of global supply, following its first in-person meeting in two years in Vienna. The actual cut in...
- UNCTAD Warns of Policy-Induced Global Recession According to the report, rapid interest rate increases and fiscal tightening in advanced economies combined with the cascading crises resulting from the COVID pandemic and the war in Ukraine have already...
Read also
-
Three out of CSTO’s four drills planned for 2023 to be held in Belarus - Security Council
-
Kyiv unilaterally breaks off relations with Minsk: Belarusian MFA
-
Belarus defense ministry says it's open for dialogue with NATO
-
Main parameters of Russian energy prices for Belarus are agreed: Putin
-
Belarusian foreign minister Vladimir Makei passes away — BelTA
-
Why are you so gloomy? Lukashenko to Pashinyan
-
Alexander Lukashenko arrives in Yerevan
-
Lukashenko to attend CSTO summit in Yerevan
-
17:08The regular session of the Anti-corruption Policy Council takes place in Jermuk
-
15:05The Prime Minister sends congratulatory messages to the supreme leader of Iran and the President of Iran
-
11:11Armenia sends earthquake aid to Turkey
-
10:43Commemoration of the Pontiff St. Sahak Partev
-
09:16Some roads are closed and difficult to pass in Armenia
-
19:55Phone conversation of the Foreign Minister of Armenia with the U.S. Assistant Secretary of State for European and Eurasian Affairs
-
18:30Prime Minister Pashinyan and President Khachaturyan meet
-
18:20Ararat Mirzoyan with Co-Chairman of the OSCE Minsk Group of France Brice Roquefeuil
-
17:01Humans could land on Mars within 10 years, Musk predicts
-
16:45France, US urge 'immediate' end to Nagorno Karabakh blockade
-
16:01Blockaded Nagorno Karabakh launches fundraiser to support quake-hit Syria
-
15:59Earthquake death toll in Turkey rises to 18,342
-
15:43Ararat Mirzoyan Held a Telephone Conversation with Sergey Lavrov
-
15:06French president rules out fighter jet supplies to Ukraine in near future
-
14:475 Day Weather Forecast in Armenia
-
14:44President Vahagn Khachaturyan wrote a note in the book of condolences opened in the Embassy of Syria in Armenia
-
14:20Azerbaijan’s provocations impede establishment of peace and stability – Armenian FM tells Russian Co-Chair of OSCE MG
-
12:57France representation to OSCE: Paris calls on Azerbaijan to restore freedom of movement through Lachin corridor
-
11:40Command of Kosovo forces highly appreciated preparation of Armenian peacekeepers
-
10:16The United States withdrew from sanctions against Syria for six months the provision of assistance after the earthquake
Most read
day
week
month
Weather
Yerevan
Humidity: %
Wind: km/h
0 C°
0° 0°
22.12.2024
0° 0°
23.12.2024
Poll