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U.S. claims tentative deal on Korea trade deal talks

President Donald Trump and South Korean President Moon Jae-In
President Donald Trump and South Korean President Moon Jae-In in 2017. Photo: Jung Yeon-Je / AFP / Getty Images

Senior administration officials said on Tuesday that the Trump administration has reached "an agreement of principle" with South Korea regarding the United States-Korea Free Trade Agreement (KORUS).

Why it matters, per the New York Times: "Mr. Trump used his threat of stiff steel and aluminum tariffs as a cudgel to extract the concessions he wanted, helping produce an agreement that had stalled amid disagreements this year."