Korea

“The main compliment of the KORUS FTA was on the automobile sector. And to be frank, we don’t think it makes much sense if it applies to Korea because we accommodated most of the demands on the U.S. side on automobiles.”

The Trump administration will have its hands full in 2019, with new talks slated to begin with Brussels, Tokyo, London and potentially more, as well as the implementation of a revised deal with South Korea. The fate of the U.S.-Mexico -Canada Agreement will also be determined next year by a new Congress.

The Office of the U.S. Trade Representative is seeking public comments on South Korea's World Trade Organization challenge of U.S. safeguard restrictions on imports of large residential washers.

Washington and Seoul will hold consultations under the auspices of the U.S.-Korea Free Trade Agreement to discuss revising the rules of origin for textile products that are not commercially available in either country.

“As we have reflected the U.S. concerns in the auto sector in the revised KORUS FTA, we will put utmost efforts to get relief from the U.S. auto tariffs based on the agreement.”

President Trump on Monday will sign a retooled U.S.-Korea Free Trade Agreement in New York, according to the White House.

The U.S. and South Korea, in their talks on how to modify the U.S.-Korea Free Trade Agreement, agreed to establish panels to monitor rules of origin and investment issues, according to documents released this week.

The U.S. on Wednesday amended a controversial Section 232 process to allow companies from countries that agreed to separate quota deals for steel and aluminum to apply for product exclusions.