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Trade Deficit With Korea Increased Due To Advanced Technology Products

May 13, 2016 at 4:42 PM
Data released this month by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis shows that the trade in goods deficit with South Korea continued to expand in the first quarter of this year, which marks the first four years of the U.S.-Korea Free Trade Agreement (KORUS). Compared to the last quarter of 2015, the trade deficit increased by about $1.6 billion from $7.067 billion to $8.66 billion in the first quarter of 2016. Roughly one fourth of...

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