US, South Korea Sign $350B Trade Deal!
“A 15 percent tariff has also been imposed on South Korea, while the US will not have to pay any tariffs!”
US President Donald Trump has announced a full and comprehensive trade agreement with South Korea, under which South Korea will invest $350 billion in the US.
The US government under the supervision of President Trump will have full control and selection of this investment.
Main Points:
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A 15% tariff has been imposed on South Korean imports.
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The US will not pay any tariffs under the deal.
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Trump previously secured a similar EU deal with 0% tariffs on U.S. exports and 15% on EU imports.
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The EU deal also included $750 billion in U.S. energy sales and $600 billion in extra EU investment.
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President Trump has announced a new, full trade agreement with South Korea.
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Under the agreement, South Korea will invest $350 billion in the United States.
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The U.S. government, under Trump’s supervision, will control and allocate the investment.
President Trump said in his statement on Truth Social that South Korea will also release details of more investments in the coming weeks.
In this regard, South Korean President Lee Jae-myung will visit the White House within two weeks, where a formal bilateral meeting is expected.
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