Trump Signs 15% Trade Deal with South Korea Amid US-South Korea Negotiations
TL;DR Summary
The US and South Korea have reached a comprehensive trade agreement, reducing tariffs on South Korean exports to the US from 25% to 15%, with South Korea committing to invest $350 billion in the US, primarily in industries like shipbuilding and semiconductors, and agreeing to purchase $100 billion worth of energy products from the US, aiming to strengthen economic and industrial ties.
- Trump announces trade deal with South Korea, setting tariffs at 15% CNBC
- Trump announces trade agreement with South Korea ahead of August 1 tariff deadline CNN
- Tariffs: Trump announces deal to impose 15% levy on South Korea BBC
- Korea’s Lee Risks Wrath of Farmers With Concessions for US Deal Bloomberg
- Hyundai Motor Group Chair Chung heads to US to back South Korea trade talks - Yonhap Reuters
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