Inside US Trade has some KORUS news:
Following President Trump's promise to renegotiate the U.S.-Korea free trade agreement “right now,” an administration official told Inside U.S. Trade the Office of the U.S. Trade Representative will formally request that both countries' joint committee convene in a so-called “special session” to consider potential amendments to the deal – a provision that sources said has never been used before, and one that runs counter to South Korea's conviction that KORUS has been a “mutually beneficial” agreement.
The administration official said USTR will request the special session under Article 22.2 of the agreement, which will start a 30-day clock until both countries' officials have to meet for the first time.
...
Sources said it was unclear what kind of amendments the Trump administration was looking for and that the urge to renegotiate the deal was largely related to what some called an “obsession” with the U.S. bilateral trade deficit.
The KORUS Chapter 22 text is here.
Add the KORUS FTA to the list of trade agreements and domestic trade laws for which new directions are being pushed by the Trump administration, but where we still have very little idea where this is all going to end up. It's easy to call for a renegotiation or an amendment. It's much harder to reach agreement.
