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U.S. signs updated KORUS trade pact

Photo courtesy of WhiteHouse.gov

“Put this one in the bag and keep hunting for more,” says Agriculture Secretary Sonny Perdue of the signing of an updated trade agreement between the U.S. and South Korea. President Trump signed an updated United States-Republic of Korea Free Trade Agreement, known as KORUS, Monday. Perdue says of the agreement that it adds to the “the momentum building for President Trump’s approach to trade.”

In his statement, Perdue says that he is optimistic “the dominoes will continue to fall,” referring to the North American Free Trade Agreement, and new agreements with the European Union, Japan, and even China. The new KORUS agreement is a “better deal for the entire United States economy, including the agricultural sector,” according to Perdue. The White House says the agreement is a sign that President Trump has “fulfilled his promise” to fight for American workers and businesses in an amended trade deal with South Korea.