WASHINGTON, United States — US President Donald Trump threatened retaliatory action against two major Asian trading partners Tuesday, warning of sanctions against China while vowing to revise or scrap a free trade deal with South Korea. Accusing Beijing of decimating American steel and aluminum industries, Trump said he was “considering all options,” including tariffs and quotas. “I will make a decision that reflects the best interests of the United States, including the need to address overproduction in China and other countries,’ he said. Taking aim at Seoul, Trump complained that America’s 2012 free trade deal with South Korea “was a disaster,” vowing the United States would renegotiate a “fair deal” or scrap it altogether. “We have a very, very bad trade deal with Korea,” Trump said.
Source: Philippine Daily Inquirer February 14, 2018 00:56 UTC