Ross: U.S. needs 'permanent solution' to shrink trade deficit with South Korea

Commerce Secretary Wilbur Ross on Dec. 12 appealed for "permanent solutions" to the trade gap between the U.S. and South Korea. "This year, at the government's urging for Koreans to buy more American products, the trade in goods deficit has decreased by about $4 billion compared to the previous year," Ross said during a Dec. 12 event hosted by the Atlantic Council. "We appreciate that effort, but we need permanent solutions, not temporary forbearance." Ross said the U.S. goal is...