There is evidence, for example, that South Korea has suppressed the value of its currency in recent years — but nothing in the current trade agreement prohibits South Korea from doing so. The proposed Trans-Pacific Partnership, however, is partly an attempt to improve existing deals with South Korea and other Asian countries. _____Claim: “President Obama, and the usual so-called experts who’ve been wrong about every trade deal for decades, predicted that the trade deal with South Korea would increase our exports to South Korea by more than $10 billion — resulting in some 70,000 jobs. (The tax code currently allows a married couple to set aside up to $5,000 in pretax income for child care expenses, or to claim a credit that reduces taxes owed on up to $6,000 in child care expenses.) South Korea bought $43.5 billion in American exports in 2011; last year, exports totaled $43.4 billion.

Source: New York Times August 08, 2016 22:29 UTC