March 24, 2018

WASHINGTON -- The United States and South Korea could announce a trade deal next week that would cover an exemption from U.S. steel and aluminum tariffs and other trade issues, President Donald Trump and his commerce secretary said on Friday.

Trump said the agreement "would be a wonderful deal with a wonderful ally. We're getting very close to it."

It was not immediately clear whether the deal would encompass a revamp of the 2012 U.S.-South Korea Free Trade Agreement, known as KORUS, which has been under negotiation for several months.

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