All articles tagged with #us south korea trade deal
US and South Korea finalized a trade agreement involving significant investments, tariff reductions, and military cooperation, including South Korea's plan to build nuclear-powered submarines in the US, with details to be released soon.
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.
President Trump announced a new trade deal with South Korea, including a 15% tariff on South Korean imports, a $350 billion investment pledge, and increased energy product purchases, aiming to ease trade tensions and strengthen economic ties.