Published: Tue, September 25, 2018
Global News | By Blake Casey

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

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

President Donald Trump on Monday announced a trade agreement between the United States and South Korea that he said will be mutually beneficial.

"I think he's got a couple major possibilities really to help illuminate for the American people what America's place in the world", national security adviser John Bolton told Fox News Channel's "Sunday Morning Futures", previewing Trump's United Nations appearance.

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.

The U.S. president responded that he would be "having a second summit with Chairman Kim in the not-to-distant future" and the location remains to be determined but likely would not be Singapore, where he first met the North Korean leader on June 12. The US president did not elaborate on a possible venue or date for such a meeting.

Trump also says he's "excited" to be signing a new trade deal with South Korea.

Speaking at the United Nations, Trump says the relationship with the country whose leader he branded previous year as "Little Rocket Man" is much improved.

In both venues, US officials say, he is expected to offer a contrast between the path of negotiation chosen by North Korea and that of Iran.

"The relationship is very good and in some ways. extraordinary", he added.

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"We've imposed very stringent sanctions on Iran, more are coming, and what we expect from Iran is massive changes in their behavior", he said.

The White House has not closed the door on a Rouhani-Trump meeting.

"You are indeed the only person who can solve this problem", Moon Jae-in, who met Kim Jong Un last week in Pyongyang, told Trump.

Bolton, like Pompeo, is part of a far more hawkish national security team than the one that surrounded Trump a year ago.

As he begins the sequel to his stormy United Nations debut, U.S. President Donald Trump will again confront the dangers posed by North Korea's nuclear threat, though its shadow may appear somewhat less ominous than a year ago. Kim requested a second meeting with Trump in a letter this month, and Trump says, "we will be doing that".

Secretary of State Mike Pompeo says that the president anticipates making the case in his second address to the United Nations General Assembly that "now is not the time to ease pressure" on North Korea as the administration continues its "maximum pressure" campaign until complete and verifiable denuclearization is achieved.

Trump is set to address the U.N. General Assembly Tuesday morning and will chair a meeting of the Security Council Wednesday on counter-proliferation.

Slutsky says he hopes to meet while in NY with U.S. Senator Rand Paul, who visited Moscow last month and has encouraged more cooperation with Russia despite increasing layers of U.S. sanctions over Russian interference overseas.

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