BUSINESS

US, South Korea Agree Tariff Cuts, Investment

After nearly two hours of talks, the US and South Korea said they reached a broad trade deal: reciprocal tariffs will fall from 25% to 15%, and Seoul will invest $350bn in the US, including $200bn in cash and $150bn in shipbuilding, a presidential aide said. President Donald Trump called it “pretty much finalised” and said they also discussed national security. The visit unfolded amid protests and a North Korean missile test, as Trump prepares to meet China’s Xi Jinping at the Apec summit in Gyeongju; Beijing says the meeting will be in Busan.

Reviewed by JQJO team

#trade #tariffs #deal #investment #seoul