Trump announces a trade deal with South Korea, the main points:
The United States and South Korea have reached a full and complete trade deal.
South Korea will provide $350 billion for U.S.-owned and controlled investments, selected by the U.S. President.
South Korea will purchase $100 billion in LNG or other energy products from the U.S.
An additional investment amount from South Korea will be announced in two weeks during a White House bilateral meeting with President Lee Jae Myung.
South Korea will be fully open to trade with the U.S., including sectors like automobiles, agriculture, and trucks.
A 15% tariff will apply to South Korean goods entering the U.S., but American goods will face no tariffs in South Korea.
Trump made the announcement on his own social media app:
more to come
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