Study underscores the benefits of trade agreement with South Korea

The benefits of free trade and trade agreements for American consumers and companies are evident in the United States-Korea Free Trade Agreement (KORUS-FTA), a treaty President Donald Trump has threatened to terminate. Americans gain from liberalized trade with South Korea as shown by an economic analysis of the treaty that finds eliminating the KORUS-FTA trade provisions would impose a consumption tax of $196 over 5 years on the typical U.S. household.

KORUS-FTA NFAP-Policy-Brief August-2018-1