South Korea's Leader Visits White House Amid US-China Tensions

1 min read
Source: BBC
South Korea's Leader Visits White House Amid US-China Tensions
Photo: BBC
TL;DR Summary

South Korea and the US have reached a trade agreement where the US will impose a 15% tariff on South Korean cars and semiconductors, down from 25%, while maintaining higher tariffs on steel and aluminum. South Korea will invest $350 billion in the US, mainly in shipbuilding and military assets, with the deal avoiding concessions on rice and beef markets. South Korean leader Lee Jae-myung praised the deal as beneficial for his country.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

1 min

vs 2 min read

Condensed

78%

33673 words

Want the full story? Read the original article

Read on BBC