Negotiators for the U.S. and South Korea—the world's No. 1 and No. 12 economy, respectively—broke a three-year impasse over the bilateral agreement early Friday by reaching accord on a deal to gradually lower U.S. tariffs on Korean automobiles.
President Barack Obama now faces a difficult final push to bring the pact into force. The deal will have to win ratification from the incoming Congress in January, in what promises to be a pitched battle amid eroding public support for free-trade agreements of any kind.
If the GOP kills this thing then they are for growth in name only and simply don't want Obama to win anything for political reasons. Free Trade deals help both countries and the only people that should oppose them are Big Labor. Most American companies would love to have these sort of deals in place because they goose both economies. Both exporters and importers grow from these sort of deals.
Plus, this is a first world economy so we don't have to worry about crap like them dumping products on our markets at cut rate prices (I'm looking at you Red China.) This deal would lower the price of Samsung TVs and Hyundai cars and lower the price for them of Starcraft 2 games, Hollywood crapola, red meat, Boeing Airplanes, and whatever else we are good at selling. Hopefully more Americans can try something like the aforementioned Yook Gae Jang going forward.
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