Sources: U.S., in KORUS special session, asked for immediate elimination of Korean agriculture tariffs

During the first-ever special session of the U.S.-Korea Free Trade Agreement’s joint committee last month, the U.S. -- aiming to reduce its bilateral trade deficit -- asked Seoul to immediately drop all of its remaining agriculture tariffs while allowing phaseouts for U.S. agriculture tariffs to be extended by five to 10 years, sources told Inside U.S. Trade . The U.S. was initially said to have not put forward any proposals for how to tackle the trade deficit, despite emphasizing...