Trade Pact with Korea Could Enrich Wisconsin; Agricultural Exports Would Get Break On Tariffs If Agreement Is Ratified

Summary

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Getting rid of costly tariffs that reach as high as 487% could give Wisconsin farm exports a boost under a trade agreement between the United States and South Korea.

The agreement could be ratified by Congress as early as this summer, but only if South Korea lifts restrictions on imports of U.S. beef, according to lawmakers.

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Trade Pact with Korea Could Enrich Wisconsin; Agricultural Exports Would Get Break On Tariffs If Agreement Is Ratified

"The political reality in Congress is that no matter the benefits, this agreement is dead on arrival until the beef issues get resolved," said Iowa Sen. Charles Grassley, senior Republican on the Senate Finance Committee, which hand...

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