Secy Mnuchin: U.S., SK Reach Deal In Principle On Trade, Tariffs
Officials from both the U.S. and South Korea said they’ve reached an agreement in principle on trade and tariffs, Treasury Secretary Steven Mnuchin said Sunday the two countries agreed to revise and extend the six-year-old Free Trade Deal, known as Korus. Under the deal’s new terms, he claims South Korea will reduce its steel exports to the U.S. while both countries will keep the existing tariff concessions.