Trump and South Korean President Moon Jae-in sign trade deal

President Donald Trump and South Korean President Moon Jae-in held a signing ceremony for a new United State...

Posted: Sep 25, 2018 10:05 AM
Updated: Sep 25, 2018 10:05 AM

President Donald Trump and South Korean President Moon Jae-in held a signing ceremony for a new United States-Korea trade deal following a bilateral meeting at the United Nations Monday afternoon.

"It's a very big deal," Trump said of the United States-Korea Free Trade Agreement, thanking Vice President Mike Pence, United States Trade Representative Robert Lighthizer, Treasury Secretary Steve Mnuchin and National Economic Council Director Larry Kudlow for their "tremendous work" throughout negotiations, which began in July 2017.

Asia

Business, economy and trade

Continents and regions

Donald Trump

East Asia

Government and public administration

Government bodies and offices

International trade

Moon Jae-in

North America

Political Figures - Intl

Political Figures - US

South Korea

The Americas

Trade and development

United States

US federal government

White House

Trump expressed gratitude to Moon for his "dedicated efforts" to reach what he called "a historic milestone in trade."

Trump said the deal was "fair and reciprocal," and will both reduce the trade deficit and expand opportunities to export American products to South Korea, including automobiles, medicine and agricultural products.

"I think our farmers are going to be extremely happy, it was very limited as to what they could do and what they could send and now it's a open market and they're going to be sending a lot more farm products. Makes me feel very good, I love our farmers," Trump said, adding that the deal would double the cars per manufacturer that can enter the South Korean market while meeting US safety standards.

The deal, Trump said, will "reduce bureaucracy and increase prosperity" for both countries and is one deal in addition to many that are currently "in the works."

He touted his "great relationship" with Moon on both trade and in working with North Korea's Kim Jong Un, again saying the time and place for a second meeting would be announced "in the not too distant future."

After brief remarks by Moon, the two leaders moved to a table to sign the trade agreement.

"I've never seen my name in Korean. It looks nice," Trump said.

He presented his South Korean counterpart with the signing pen.

"Oh! Thank you," Moon said, visibly surprised and delighted.

Trump will continue meetings with world leaders throughout the week.

New York Coronavirus Cases

County data is updated nightly.

Confirmed Cases: 366733

Reported Deaths: 29529
CountyConfirmedDeaths
New York City20105121415
Nassau401402114
Suffolk393591871
Westchester332931357
Rockland13076626
Orange10325443
Erie5886504
Dutchess3867138
Monroe2824198
Onondaga2054127
Albany181476
Ulster165874
Sullivan135130
Putnam123658
Niagara98463
Oneida95946
Schenectady67629
Broome54544
Rensselaer46928
Saratoga46811
Columbia38032
Madison31010
Warren25326
Steuben24141
Greene23618
Washington23113
Orleans21233
St. Lawrence2012
Ontario2019
Fulton20018
Genesee1974
Tompkins1560
Chemung1361
Tioga12621
Chenango1260
Livingston1187
Wayne1123
Oswego1073
Herkimer1063
Clinton954
Cattaraugus850
Cayuga841
Montgomery824
Wyoming825
Chautauqua814
Delaware784
Jefferson720
Otsego705
Seneca560
Schoharie490
Allegany450
Yates396
Cortland390
Essex360
Lewis200
Franklin200
Schuyler110
Hamilton50
Unassigned00
Utica
Overcast
77° wxIcon
Hi: 83° Lo: 57°
Feels Like: 79°
Oneonta
Overcast
68° wxIcon
Hi: 80° Lo: 57°
Feels Like: 68°
Herkimer
Overcast
77° wxIcon
Hi: 82° Lo: 58°
Feels Like: 79°
Thendara
Overcast
77° wxIcon
Hi: 76° Lo: 52°
Feels Like: 79°
WKTV Radar
WKTV Temperatures
WKTV Severe Weather
Click here to learn more about A Healthier Mohawk Valley
Saluting Those Who Are Proud 2 Serve
Senior Send-Off brought to you by Herkimer College
Menu 2 Go list of takeout dinners & fish fries
Apply to Go the Distance 2020
23 courses for only $79.99