President Donald Trump on Monday announced a trade agreement between the United States and South Korea that he said will be mutually beneficial.
Donald Trump and his South Korean counterpart Moon Jae-in signed a renegotiated free-trade agreement on the sidelines of the United Nations General Assembly, marking the first time the USA president has finalised a major trade deal since entering office.
Trade analysts say changes to the South Korea agreement were largely cosmetic, as the president limited the scope of renegotiations by declining to invoke United States trade law that would have required congressional approval of the final deal.
Trump praised Kim as "very open" and "terrific", despite the glacial pace of progress toward denuclearization on the Korean Peninsula.
Mr Trump is no fan of the United Nations, which he criticised during the weekend for having "not lived up to" its potential.
"It was long time in coming and it is a basic redoing of the agreement that was done before, which was a very unfair agreement for the United States".
The president said he thinks American farmers "are going to be extremely happy", and be sending a lot more farm products to South Korea.
Conservatives in South Korea and other critics have expressed concern that Moon's administration is letting down its guard too soon considering the North's track record of reneging on past agreements. Kim requested a second meeting with Trump in a letter this month, and Trump says, "we will be doing that".
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Presidents Moon and Trump also put pen to paper on their revised free trade deal on the sidelines of the UN General Assembly. Trump said he will meet with Rosenstein on Thursday upon his return to Washington.
But while some world leaders are still reeling from Trump's deference to Putin in their summer Helsinki summit, there will not be an encore in New York: The Russian president is not expected to attend the proceedings. But no American company sells much more than 10,000 cars a year in South Korea.
President Donald Trump is at the United Nations for his second general assembly meeting with world leaders since taking office and has participated in a counter-narcotics event.
Trump is scheduled to meet with Moon on Monday afternoon to discuss security and trade issues.
"Today we commit to fighting the drug epidemic together", he added.
The president, whose bellicose denunciations of Pyongyang have largely given way to hopeful notes, plans to sit down with South Korean President Moon Jae-in, who comes bearing a personal message to Trump from North Korea's Kim after their inter-Korean talks last week.
Trump earlier this year bucked allies and removed the US from the 2015 Iran nuclear deal, citing Iran's malign influence in the region and support for terrorist groups like Hezbollah.