Trump vows to revise US trade deal with South Korea

President Donald Trump has vowed to revise a US trade deal with South Korea to secure more favourable terms, while also threatening retaliatory trade sanctions against China.

While hosting a White House meeting on trade, Mr Trump told reporters that the Korea deal was a disaster and United States would negotiate a fair deal or scrap it altogether.

Charging that the US steel and aluminium industries were being decimated by dumping, the President said, he was also mulling trade sanctions against China, and was considering all options including tariffs.

Mr Trump’s comments came a day after he singled out South Korea and China, along with Japan, over their trade surpluses with the United States.