15% Tariff Deal Avoids Higher Rate: The U.S. will implement a 15% tariff on South Korean imports, sidestepping a potential 25% tariff that would have come into effect on August 1 without an agreement.
Comprehensive Trade Agreement Announced: Trump announced a “full and complete” trade agreement with South Korea in a statement on Truth Social.Post in this from earlier: Trump announces a trade deal with South Korea
$350 Billion Investment Commitment: South Korea has pledged $350 billion in investments for U.S.-based projects, which will be chosen directly by President Trump.
Energy Import Agreement: As part of the deal, South Korea will purchase $100 billion in U.S. energy products, including liquefied natural gas.
Duty-Free Access for U.S. Goods: American exports—such as vehicles, agricultural products, and other goods—will enter South Korea tariff-free under the agreement.
Bilateral Meeting Scheduled: South Korean President Lee Jae Myung is expected to visit the White House within two weeks for talks with President Trump.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about trump announced a trade agreement with south korea earlier recap icymi was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Trump announced a trade agreement with South Korea earlier - recap ICYMI )
Also on site :
- UN renews Sudan ceasefire appeal over ‘unimaginable suffering’ of civilians
- The Supreme Court Cast Its Lot With Trumpism. It Should Be Very Worried.
- Central African Republic election: Who’s running and what’s at stake?