CNN: US and South Korea revamp trade deal that Trump called 'horrible'

[erpowers]

Snip

Despite Trump's threats, South Korea appears to have emerged from the talks "unscathed," said Krystal Tan, an Asia economist at research firm Capital Economics.

"The concessions that Korea has agreed to will have a very small impact on its economy," she wrote in a note to clients.

Snip

South Korea's Trade Ministry said Monday that it will allow American automakers to each annually import 50,000 vehicles that meet US safety standards, double the previous quota. Beyond that threshold, cars shipped from the US will have to comply with South Korean auto-safety regulations.

Snip

Under the arrangement, 70% of the average amount of steel that South Korea exports to the United States each year will be permanently exempt from the new 25% tariff, South Korean officials said.

http://money.cnn.com/2018/03/26/news/economy/south-korea-us-trade/index.html

[John Fante]

1. Nice headline, CNN.

Use the word 'revamped' when 'slightly revised' would have been far more appropriate.

I loathe the msm.