Free Trade With Korea Is Great for the U.S.

President Donald Trump is reportedly moving to renegotiate or even cancel the U.S.-Korea Free Trade Agreement. Allow me to explain why this is a uniquely bad idea.

Many of my Bloomberg colleagues have already spoken out to defend the agreement. The Bloomberg View editors point out that since the deal was signed, South Korea has invested more in the U.S., creating jobs for Americans. David Volodzko notes that U.S. exports of services to Korea have risen as well, creating a $10 billion trade surplus in services. And both rightly argue that South Korea is a key U.S. ally, and that walling off trade from key allies is a bad geopolitical move.