U.S. Commerce Secretary Ross’s meeting with Trade Minister Joo of South Korea does not appear to have presaged a mass renegotiation of the KORUS trade deal. That had been a potential issue after the recent USTR publication on trade policy. Instead there was a focus on investment in manufacturing and energy. The former likely reflects the potential for investments by Samsung Electronics and LG Electronics in U.S. factories. Panjiva analysis shows South Korean exports to the U.S. are dominated by electrical and mechanical engineering products. Autos are particularly important. The U.S. als...
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