Obama and South Korea Fail to Reach Trade Deal

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Photo: Jim Watson/AFP/Getty Images

The president's attempt to turn his Asian swing into an opportunity to make nice with the business community by promoting exports has hit a snag after negotiations with South Korea for the largest bilateral trade agreement in the past decade broke down. (What will Mr. Goolsbee say?) Which means Hyundai prices will still be higher than they should be. [WSJ]