Trade-deficit probe: Trading partners say U.S. should focus attention elsewhere

It’s a “win-win outcome,” South Korea tells the Commerce Department in comments on an ongoing inquiry into the causes of trade deficits, saying the U.S.-Korea Free Trade Agreement – which President Trump has labeled “ a horrible deal ” that the U.S. either will “terminate or negotiate” – shapes “an interconnected, well-balanced and mutually beneficial economic relationship.” With KORUS, Korea says the “economic partnership is expected to develop, strengthen and become more balanced going forward.” Along the way Korea downplays...