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And moon agreed to bolster south korea s defense, increasing the rotation of u.s. forces to the region, allowing bigger words and south korea missiles and new purchases of u.s. military hardware. steve mnuchin we have the greatest military equipment and the world and south korea will be ordering billions of dollars of equipment. frankly, for them it makes a lot of sense. it means jobs, reducing the trade deficit. in 2016, the u.s. trade deficit was $27 billion. during the campaign, the president threaten to rip up the korea-u.s. free trade agreement. while he s since dropped such talk, president trump is looking for some significant changes. i feel confident that we will be able to reach a free, fair, and reciprocal trade deal as we renegotiate our current 5-year-old trade document. [applause] it s going to be another big day for the president, speaking ....
Tea together, inviting president trump to the blue house. those sorts of gestures are an important show of president moon trying to build a relationship with president trump. president moon also praising the president s first year in office and remarking about his upcoming anniversary of his election victory. things that speak to donald trump in trying to forge this relationship. also, there is the issue of trade where south korea has agreed to renegotiate and reopen its one on one agreement with the united states. something that president trump has made a very strong point about saying that you need both economic and national security partnership to be on good footing together. here s president trump talking about trade. i feel confident that we ll be able to reach a free, fair, and reciprocal trade deal waez renegotiate our current five-year-old trade document. we re looking at ways of improving our economic relationship. i would like to thank president ....
Grave nuclear threat to south korea and, indeed, the entire world. this is a worldwide problem. the republic of korea is more than a longstanding ally of the united states. we are partners and friends who have fought side by side in a war and really worked very hard and prospered toward a great and lasting peace. i feel confident that we ll be able to reach a free, fair, and reciprocal trade deal as we renegotiate our current 5-year-old trade document. we cannot allow north korea to threaten all that we have built, and we built it very much together, and we re very, very proud of it also together. but all that we ve built in the decades since our soldiers sacrifice side by side in the struggle for freedom, our alliance is more important than ever to peace and security on ....