Exclusive: Trump vows to fix or scrap South Korea trade deal, wants missile system paymentWASHINGTON (Reuters) - U.S. President Donald Trump told Reuters on Thursday he will either renegotiate or terminate what he called a “horrible” free trade deal with South Korea and said Seoul should pay for a U.S. anti-missile system that he priced at $1 billion. In an interview with Reuters, Trump called the five-year-old trade pact with South Korea “unacceptable” and said it would be targeted for renegotiation after his administration completes a revamp of the North American Free Trade Agreement (NAFTA) with Canada and Mexico. He blamed the U.S.-Korean trade deal, known as KORUS, on his 2016 Democratic presidential election opponent, Hillary Clinton, who as secretary of state promoted the final version of the trade pact before its approval by Congress in 2011. “It is unacceptable, it is a horrible deal made by Hillary,” the Republican Trump said. “It’s a horrible deal, and we are going to renegotiate that deal or terminate it.” Asked when he would announce his intention to renegotiate the deal, Trump said: “Very soon. I’m announcing it now.” Trump's comments stunned South Korean financial markets, sending Seoul stocks .KS11 and the won currency KRW= into reverse even as the country's economic outlook has started to brighten. South Korea’s foreign ministry said Seoul would continue to explain to the Trump administration the benefits of the free trade deal. Washington had not officially filed a request to Seoul to renegotiate the agreement, it said. “Our government will keep monitoring the situation and continue our efforts to explain to the United States the mutually reciprocal outcome of the South Korea-U.S. FTA, while preparing for countermeasures,” the ministry said. With global demand improving, exports of goods such as cars and electronics have been leading a recovery in South Korea and a number of other trade-reliant Asian economies such as Japan and Taiwan, boosting their manufacturing sectors. “Talk and actual policy are different,” a high-ranking official at South Korea’s finance ministry, who declined to be identified as he is not authorized to speak to the media, told Reuters. KORUS was initially negotiated by the Republican administration of President George W. Bush in 2007, but that version was scrapped and renegotiated by President Barack Obama’s Democratic administration three years later. The U.S. goods trade deficit with South Korea has more than doubled since KORUS took effect in March 2012, from $13.2 billion in 2011 to $27.7 billion in 2016, according to U.S. Census Bureau data. Trump said the Terminal High-Altitude Area Defense (THAAD) missile system now being deployed in South Korea to defend against a potential missile attack from North Korea would cost about $1 billion and questioned why the United States was paying for it.  “I informed South Korea it would be appropriate if they paid. It’s a billion-dollar system,” Trump said. “It’s phenomenal, shoots missiles right out of the sky.” Asked about the remarks, South Korea’s defense ministry said in a statement there was no change to the existing agreement that Seoul provides land for the deployment while Washington shoulders the cost of installing and operating the system.  Moon Jae-in, the South Korean presidential frontrunner, said the new government should given the choice to decide whether to agree to the deployment.  “I’ll decide after sufficient public consensus and parliamentary approval,” he said at a televised presidential debate ahead of the May 9 election.  His top foreign policy adviser earlier told Reuters that Trump’s suggestion would be an “impossible option” because the U.S. military operates the system. The U.S. military started the deployment of THAAD in early March, despite strong opposition from China, which worries the system’s powerful radar can be used to spy into its territory. Lockheed Martin Corp (LMT.N) is the prime contractor for the THAAD system.  A former U.S. State Department official estimated the cost of the system at about $1.2 billion but said the United States would not want to sell THAAD to Seoul. “We want to retain THAAD in our arsenal, consistent with all other U.S. weapons systems deployed on the Korean peninsula. We own them. We retain them. We have the right to redeploy them,” the official said, speaking on condition of anonymity. politicsNews
exclusive trump vows fix scrap south korea trade deal wants missile system paymentwashington reuters president donald trump told reuters thursday either negotiate terminate called horrible free trade deal south korea said seoul pay system priced billion in interview reuters trump called trade pact south korea unacceptable said would targeted negotiation administration completes revamp north american free trade agreement bafta canada mexico he blamed trade deal known torus democratic presidential election opponent hillary clinton secretary state promoted final version trade pact approval congress it unacceptable horrible deal made hillary republican trump said it horrible deal going negotiate deal terminate asked would announce intention negotiate deal trump said very soon i announcing trump comments stunned south korean financial markets sending seoul stocks currency reverse even country economic outlook started brighter south korea foreign ministry said seoul would continue explain trump administration benefits free trade deal washington officially filed request seoul negotiate agreement said our government keep monitoring situation continue efforts explain united states mutually reciprocal outcome south fta preparing countermeasures ministry said with global demand improving exports goods cars electronics leading recovery south korea number asian economies japan taiwan boosting manufacturing sectors talk actual policy different official south korea finance ministry declined identified authorized speak media told reuters torus initially negotiated republican administration president george bush version scrapped negotiated president barack obama democratic administration three years later the goods trade deficit south korea doubled since torus took effect march billion billion according census bureau data trump said terminal area defense that missile system deployed south korea defend potential missile attack north korea would cost billion questioned united states paying i informed south korea would appropriate paid it system trump said it phenomenal shoots missiles right asked remarks south korea defense ministry said statement change existing agreement seoul provides land deployment washington shoulders cost installing operating system moon south korean presidential frontrunner said new government given choice decide whether agree deployment i decide sufficient public consensus parliamentary approval said televised presidential debate ahead may election his top foreign policy adviser earlier told reuters trump suggestion would impossible option military operates system the military started deployment that early march despite strong opposition china worries system powerful radar used spy territory locked martin corp prime contractor that system a former state department official estimated cost system billion said united states would want sell that seoul we want retain that arsenal consistent weapons systems deployed korean peninsula we we retain we right deploy official said speaking condition anonymity politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Exclusive: Trump vows to fix or scrap South Korea trade deal, wants missile system paymentWASHINGTON (Reuters) - U.S. President Donald Trump told Reuters on Thursday he will either renegotiate or terminate what he called a “horrible” free trade deal with South Korea and said Seoul should pay for a U.S. anti-missile system that he priced at $1 billion. In an interview with Reuters, Trump called the five-year-old trade pact with South Korea “unacceptable” and said it would be targeted for renegotiation after his administration completes a revamp of the North American Free Trade Agreement (NAFTA) with Canada and Mexico. He blamed the U.S.-Korean trade deal, known as KORUS, on his 2016 Democratic presidential election opponent, Hillary Clinton, who as secretary of state promoted the final version of the trade pact before its approval by Congress in 2011. “It is unacceptable, it is a horrible deal made by Hillary,” the Republican Trump said. “It’s a horrible deal, and we are going to renegotiate that deal or terminate it.” Asked when he would announce his intention to renegotiate the deal, Trump said: “Very soon. I’m announcing it now.” Trump's comments stunned South Korean financial markets, sending Seoul stocks .KS11 and the won currency KRW= into reverse even as the country's economic outlook has started to brighten. South Korea’s foreign ministry said Seoul would continue to explain to the Trump administration the benefits of the free trade deal. Washington had not officially filed a request to Seoul to renegotiate the agreement, it said. “Our government will keep monitoring the situation and continue our efforts to explain to the United States the mutually reciprocal outcome of the South Korea-U.S. FTA, while preparing for countermeasures,” the ministry said. With global demand improving, exports of goods such as cars and electronics have been leading a recovery in South Korea and a number of other trade-reliant Asian economies such as Japan and Taiwan, boosting their manufacturing sectors. “Talk and actual policy are different,” a high-ranking official at South Korea’s finance ministry, who declined to be identified as he is not authorized to speak to the media, told Reuters. KORUS was initially negotiated by the Republican administration of President George W. Bush in 2007, but that version was scrapped and renegotiated by President Barack Obama’s Democratic administration three years later. The U.S. goods trade deficit with South Korea has more than doubled since KORUS took effect in March 2012, from $13.2 billion in 2011 to $27.7 billion in 2016, according to U.S. Census Bureau data. Trump said the Terminal High-Altitude Area Defense (THAAD) missile system now being deployed in South Korea to defend against a potential missile attack from North Korea would cost about $1 billion and questioned why the United States was paying for it.  “I informed South Korea it would be appropriate if they paid. It’s a billion-dollar system,” Trump said. “It’s phenomenal, shoots missiles right out of the sky.” Asked about the remarks, South Korea’s defense ministry said in a statement there was no change to the existing agreement that Seoul provides land for the deployment while Washington shoulders the cost of installing and operating the system.  Moon Jae-in, the South Korean presidential frontrunner, said the new government should given the choice to decide whether to agree to the deployment.  “I’ll decide after sufficient public consensus and parliamentary approval,” he said at a televised presidential debate ahead of the May 9 election.  His top foreign policy adviser earlier told Reuters that Trump’s suggestion would be an “impossible option” because the U.S. military operates the system. The U.S. military started the deployment of THAAD in early March, despite strong opposition from China, which worries the system’s powerful radar can be used to spy into its territory. Lockheed Martin Corp (LMT.N) is the prime contractor for the THAAD system.  A former U.S. State Department official estimated the cost of the system at about $1.2 billion but said the United States would not want to sell THAAD to Seoul. “We want to retain THAAD in our arsenal, consistent with all other U.S. weapons systems deployed on the Korean peninsula. We own them. We retain them. We have the right to redeploy them,” the official said, speaking on condition of anonymity. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: exclusive trump vows fix scrap south korea trade deal wants missile system paymentwashington reuters president donald trump told reuters thursday either negotiate terminate called horrible free trade deal south korea said seoul pay system priced billion in interview reuters trump called trade pact south korea unacceptable said would targeted negotiation administration completes revamp north american free trade agreement bafta canada mexico he blamed trade deal known torus democratic presidential election opponent hillary clinton secretary state promoted final version trade pact approval congress it unacceptable horrible deal made hillary republican trump said it horrible deal going negotiate deal terminate asked would announce intention negotiate deal trump said very soon i announcing trump comments stunned south korean financial markets sending seoul stocks currency reverse even country economic outlook started brighter south korea foreign ministry said seoul would continue explain trump administration benefits free trade deal washington officially filed request seoul negotiate agreement said our government keep monitoring situation continue efforts explain united states mutually reciprocal outcome south fta preparing countermeasures ministry said with global demand improving exports goods cars electronics leading recovery south korea number asian economies japan taiwan boosting manufacturing sectors talk actual policy different official south korea finance ministry declined identified authorized speak media told reuters torus initially negotiated republican administration president george bush version scrapped negotiated president barack obama democratic administration three years later the goods trade deficit south korea doubled since torus took effect march billion billion according census bureau data trump said terminal area defense that missile system deployed south korea defend potential missile attack north korea would cost billion questioned united states paying i informed south korea would appropriate paid it system trump said it phenomenal shoots missiles right asked remarks south korea defense ministry said statement change existing agreement seoul provides land deployment washington shoulders cost installing operating system moon south korean presidential frontrunner said new government given choice decide whether agree deployment i decide sufficient public consensus parliamentary approval said televised presidential debate ahead may election his top foreign policy adviser earlier told reuters trump suggestion would impossible option military operates system the military started deployment that early march despite strong opposition china worries system powerful radar used spy territory locked martin corp prime contractor that system a former state department official estimated cost system billion said united states would want sell that seoul we want retain that arsenal consistent weapons systems deployed korean peninsula we we retain we right deploy official said speaking condition anonymity politicsnews