Trump, Ross say U.S., South Korea close to trade deal

WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday that a comprehensive trade deal with South Korea was close to being done, and his Commerce Department chief said a deal could be formally announced next week.

“We believe we are relatively close to a pretty comprehensive resolution with the South Korean government” that would encompass both an exemption for steel and aluminum tariffs and “broader trade issues,” U.S. Commerce Secretary Wilbur Ross said.

“We hope by sometime next week to be able to have a real announcement,” Ross said at the start of a signing ceremony for a U.S. spending bill.

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