The U.S. continues to run a trade deficit with Korea - despite implementation of the Korea-U.S. free trade deal last March. Some of the reason is agriculture. U.S. high hopes for the KORUS agreement have not been dashed - but nearly a year after the hard-fought deal was implemented - KORUS has not yielded the results many were hoping for.
The U.S. trade deficit with Korea has widened by nearly 3-billion dollars from 2011 to 2012 - while globally - the U.S. last year had its first trade surplus in three-years. The U.S. exported less corn to Korea - and National Cattlemen’s Trade Adviser Kent Bacus says beef trade was also off…
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