S. Korea is Washington's only trade partner that has helped U.S. cut trade deficit: Envoy

South Korea's Ambassador to the United States has hailed the revised free trade agreement between Seoul and Washington,... crediting it with reducing trade imbalances and expanding the scope of bilateral economic cooperation. Delivering opening remarks at a panel discussion in Washington on Wednesday,... Cho Yoon-je also stressed that South Korea is America's only trade partner that has helped the United States reduce its trade deficit. He pointed out that America's trade deficit with South Korea decreased by over 30 percent on-year to 15-point-one billion U.S. dollars in 2018.