President Trump’s meeting with President Moon did not result in any trade-deal fireworks, with “productive discussions” on trade resulting in amendments to KORUS “as soon as possible”. The U.S. trade deficit with South Korea may also be addressed, temporarily, by “billions of dollars” of arms sales by the U.S. to South Korea, though no firm orders were announced. Earlier in the week the potential for further sales of the Aegis missile system to Japan were hinted at. Panjiva data shows South Korean imports of American military systems and jets reached $11 billion in the past year vs. Japa...