United States To Withdraw Free Trade Deal With South Korea

The two leaders pledged to continue to apply strong diplomatic and economic pressure on North Korea and to make all necessary preparations to defend against the growing threat by the North, the White House said.

Park reportedly said Trump had agreed to double the weight cap to reach the maximum payload as South Korea had hoped, Sputnik reported.The White House said earlier the U.S. President also approved planned South Korean purchases of billions of dollars in USA military equipment to counter the North.

North Korea said on state television on Sunday afternoon that it successfully carried out a test of a hydrogen bomb meant to be carried by an intercontinental ballistic missile.

North Korea fired a Hwasong-12 missile - reportedly capable of carrying a nuclear payload - that traveled almost 2,700 kilometers into the Pacific and triggered alert warnings as it flew over northern Japan.

But withdrawal from the agreement, experts say, could lead to large tariff increases on imported South Korean goods in the United States, as well as high tariffs for imported US goods in South Korea.

More news: Rangers GM responds to criticism over not switching series with Astros

White House press secretary Sarah Huckabee Sanders denied there was any inconsistency in Trump's remarks.

South Korean President Moon Jae In on Sunday ordered maximum retaliatory measures be taken against North Korea following its sixth nuclear test conducted earlier in the day, Moon's top national security adviser said. Japanese Prime Shinzo Abe said he and visiting British Prime Minister Theresa May agreed to urge China, North Korea's lone major ally, to do more to rein in North Korea.

Impoverished North Korea and the rich, democratic South are technically still at war because their 1950-53 conflict ended in a truce, not a peace treaty.

A US ban on travel by Americans to North Korea comes into effect on Friday, a step announced after the death of a USA student shortly after his release from a 15-year prison sentence in the country, where three other Americans are still detained.

"The reality is that talks with the North are unlikely to be successful, but the US hands Pyongyang an unearned public relations win if it simply dismisses talks out of hand", Terry, now managing director for Korea with the Bower Group, a government affairs and public policy consulting firm, told VOA.

(Copyright © 2015. All Rights Reserved.)
 
Recommended

Cancer-killing drug approved, but will you be able to afford it?
However, ultimately, the cell therapy could go a long way in saving hundreds of young people's lives each year. This allows the cells to replicate quickly and zero in on cancer cells, fighting the disease for years.

ACLU files lawsuit challenging Trump's transgender military ban
It argues that the ban violates the Equal Protection Clause of the Constitution, as well as due process and free speech. Between 4,000 and 10,000 U.S. active-duty and reserve service members are believed to be transgender.

Defense Secretary Mattis did not 'freeze' Trump's trans military ban
That current policy was implemented by former President Barack Obama a year ago . That ban will go into effect in about 7 months, on March 23.

Will corporate tax cuts help the middle class?
Claire McCaskill (D-MO) out of office if she refused to support slashing the corporate tax rate. The White House in April released the broad strokes of Trump's proposal to reform the tax code.

Italian expert says USA won't leave nuclear deal
The global agreement is facing serious threats of collapse as tensions mounted between Washington and Tehran recently. French President Emmanuel Macron had said earlier in the day that he saw "no alternative" to the nuclear deal.

British PM says China should increase pressure on North Korea
The Government says the United Kingdom is seeking to "cement its position as Japan's strongest security partner in Europe". We have also requested an emergency meeting of the UN Security Council.

Warning to anyone who's used CeX as two million customer details leak
Second-hand video game and gadget retailer Cex has said up to two million of its customers have had their private details stolen. It's that time again when we reset the imaginary internet sign to read "0 days without a United Kingdom data breach".

Evacuees, Volunteers Converge at Downtown Houston Shelter
They did not have enough baby supplies Monday, she said , but have since received several donations that helped a lot. Now, they understand the facility is overwhelmed, but they're not feeling all that positive at the moment.

SC to hear plea against deportation of Rohingyas
United Nations sources also said on Friday that some 38,000 Rohingyas had managed to cross into neighboring Bangladesh. Some Rohingya people with bullet and burn injuries have been admitted to different hospitals in the last three days.

Family of Six Drowns Fleeing Hurricane Harvey Floods
Police in Houston said Wednesday they have recovered the bodies of six family members whose van was swept away in flooding unleashed by Harvey over the weekend.

CEOs, Staff Put Pressure on Trump over DACA Decision
He said it would immediately force a debate in Congress over granting a more permanent legal status to Dreamers. Approximately 800,000 people, sometimes called "dreamers", have benefitted from DACA, according to U.S.

USA successfully tests missile interception in Hawaii
North Korea's most recent missile test on Tuesday prompted the Japanese government to tell residents to take cover. In June, the John Paul Jones failed to shoot down its target missile in a similar test off Hawaii.

Led strike in Syria blocks IS fighters evacuated from Lebanon
But Lebanon's move to halt the fight after IS was squeezed into a small sliver on the border and then let the militants flee has further alarmed Washington.

Ahead of the Bell: Economy-GDP
That was the fastest in almost two years and was an upward revision to the 8.2 percent pace reported last month. With GDP quickening in the second quarter, the economy grew 2.1 percent in the first half of 2017.

Former Expedia CEO takes helm of Uber on Wednesday
Uber is all set for a revamp with Dara Khosrowshahi , the former CEO of Expedia Inc joining as the company's new chief executive. Whitman recently stepped off the board of directors of HP Inc which fuelled rumours that she might make the move to Uber.


More News

News
More News