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U.S., South Korea Said to Agree on Revisions in Free-Trade Deal

The U.S. and South Korea reached agreement on revising a pending free-trade agreement, including a phase-out of auto tariffs over five years, according to a person briefed on the negotiations.

The two sides wrapped up meetings today in Columbia, Maryland, with U.S. Trade Representative Ron Kirk saying “substantial progress” has been made during the talks.

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