SEOUL (Reuters) -South Korean President Lee Jae Myung sits down with U.S. President Donald Trump for the second time in two months on Wednesday, with crucial trade and security issues that could chart the future of their 72-year alliance at stake.

The following are some issues that are likely to top the agenda of their talks ahead of the Asia-Pacific Economic Cooperation summit in Gyeongju, South Korea, which Trump is not expected to attend.

TRADE

South Korea’s hope to finalise a deal on cutting U.S. import duties on South Korean goods during Trump’s visit this week appears all but dashed, as negotiators for the two sides remain deadlocked over a $350 billion investment pledge by Seoul.

Initially heralded by South Korea as a monumental commitment that could help the U.S. rebuild its ma

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