HOUSE_OVERSIGHT_028379.jpg

body","role":"body","text":"Mr. Navarro did not immediately respond to questions on
Monday about what that “understanding†comprises, and whether it is in
writing.","type":"text"},{"identifier":" anf-body-
22","inlineTextStyles":[{"range":{"length":228,"start":0},"textStyle":"_anf-ts-
1"},{"range":{"length":228,"start":0},"textstyle":"anf-ts-1"}],"layout":"default-
body","role":"body","text":"Asked about the lack of a side deal this month, Treasury
officials did not respond directly to questions whether it exists or will exist, saying
instead that they are happy with the state of talks with the Koreans over
currency.","type":"text"}, {"bannerType":"any","identifier":"_anf-banner_advertisement-
4","layout":"ComponentLayout-
4","role":"banner_advertisement","type":"banner_advertisement"},{"identifier":" anf-
body-23","inlineTextStyles":[{"range":{"length":293,"start":0},"textStyle":"_anf-ts-
1"},{"range":{"length":293,"start":0},"textStyle":"anf-ts-1"}],"layout":"default-
body","role":"body","text":"“Building on existing discussions, the U.S. Treasury and
Korea’s Ministry of Strategy and Finance intend to meet frequently to discuss
concerns arising from macroeconomic and foreign exchange policies,†a Treasury
spokesman said in response to questions about the promised currency
provisions.","type":"text"},{"identifier":"anf-body-
24","inlineTextStyles":[{"range":{"length":278,"start":0},"textStyle":" anf-ts-
1"},{"range":{"length":278,"start":0},"textStyle":"_anf-ts-1"}],"layout":"default-
body","role":"body","text":"“We welcome the Korean government’s recent announcement
that it will begin disclosing information on intervention in the foreign exchange
markets,†he said, adding that “both countries continue to maintain a market-
oriented exchange rate and are avoiding currency
manipulation.â€","type":"text"},{"identifier":"anf-body-
25","inlineTextStyles":[{"range":{"length":221,"start":0},"textStyle":"_anf-ts-
1"},{"range":{"length":221,"start":0},"textStyle":"_anf-ts-1"}],"layout":"default-
body","role":"body","text":"Some Democrats say the lack of a firm currency commitment
in the Korea deal is a worrying sign given the administration’s continuing
renegotiation of trade deals with Mexico and Canada, as well as its strategy with
China.","type":"text"},{"identifier":"anf-body-
26","inlineTextStyles":[{"range":{"length":189,"start":0},"textStyle":" anf-ts-
1"},{"range":{"length":189,"start":0},"textStyle":"anf-ts-1"}],"layout":"default-
body","role":"body","text":"“The White House went on record in March touting a
currency deal with Korea that, it turns out, does not exist,†said Senator Ron Wyden
of Oregon, the top Democrat on the Finance
Committee.","type":"text"}, {"bannerType":"any","identifier":" anf-banner advertisement-
5","layout":"ComponentLayout-
4","role":"banner advertisement","type":"banner advertisement"}, {"additions":[{"URL":"h tps://apple.news/A4MGoy4QlSpCp1GN2F-
iwLQ","range":{"length":35,"start":113},"type":"link"}],"identifier":"anf-body-
27","inlineTextStyles":[{"range":{"length":252,"start":0},"textStyle":"anf-ts-
1"},{"range":{"length":252,"start":0},"textStyle":" anf-ts-1"}],"layout":"default-
body","role":"body","text":"The Trump administration has been accused of overpromising
on trade agreements before. This year, it announced a big victory with the European
Union with a deal that was vastly similar to what had already been negotiated by the
previous administration.","type":"text"},{"identifier":" anf-body-
28","inlineTextStyles":[{"range":{"length":437,"start":0},"textStyle":"anf-ts-
1"},{"range":{"length":437,"start":0},"textstyle":"anf-ts-1"}],"layout":"default-
body","role":"body","text":"The agreement does not need congressional approval to take
effect. But it still must clear political hurdles in South Korea â€" a process that
could get complicated, Ms. Cutler said, if Mr. Trump’s administration recommends new
tariffs on foreign-made automobiles, which could hit Korean automakers particularly
hard. Mr. Trump has continually threatened to impose tariffs on cars and car parts,
though he has yet to put those into
effect.","type":"text"}, {"components":[{"identifier":" anf-heading6-
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HOUSE_OVERSIGHT_028379