A key U.S. ag senator has weighed in on President Trump’s latest threats to withdraw from trade agreements, including one with strategically important South Korea, the KORUS agreement.
Longtime Senate Ag Republican Chuck Grassley doesn’t think ditching a trade deal with one of America’s biggest trading partners in ag and manufacturing, South Korea, makes much sense.
But like NAFTA, now being renegotiated, Grassley admits
But Grassley went on to say that the U.S. withdrawing from KORUS would be “catastrophic.”
The president, meantime, tweeted after North Korea’s recent apparent test of a thermonuclear bomb, that the US is considering ending all trade with any country that does business with North Korea.
Grassley was asked about China, North Korea’s closest ally and the U.S.’s number three pork market and a renewed market for U.S. beef.
Grassley says the U.S. right now, needs to have as close a relationship as possible with China and the closest of working relations with South Korea and Japan when the number one goal is to stop a “nuclear holocaust.”
From the National Association of Farm Broadcasting News Service.