Trump: ‘We may terminate’ U.S.-South Korea trade agreement

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Trump thinks he can bluster and bully his way to renegotiatng America's Trade Agreements:

President Trump threatened to terminate the U.S. trade agreement with South Korea in an interview Thursday night, declaring that the five-year-old accord with a key ally was “a horrible deal” that has left America ­“destroyed.”

During an Oval Office interview about trade policy in North America, Trump served notice that he is looking to disrupt an important partnership in the tumultuous Asia-Pacific region as well — even with Seoul on edge because of North Korea’s escalating military provocations.

Trump sharply criticized the U.S.-Korea Free Trade Agreement, known as Korus, the latest version of which was ratified in 2011.

“It’s a horrible deal. It was a Hillary Clinton disaster, a deal that should’ve never been made,” Trump said, referring to the then-secretary of state who became the 2016 Democratic presidential nominee. “It’s a one-way street.”

South Korea is the United States’ sixth-largest goods trade partner, and the U.S. goods trade deficit with Korea was $27.7 billion last year, according to the Office of the U.S. Trade ­ Representative.

Next week marks an anniversary for Korus and triggers a review period to potentially renegotiate or ratify a new version of the agreement.

“We’ve told them that we’ll either terminate or negotiate,” Trump said. “We may terminate.”

You can read the rest at the Washington Post.

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