U.S. and South Korea Strike $350B Trade Deal—Slashing Tariffs to 15% in Historic Pact
Washington and Seoul just inked a trade deal that’ll reshape global commerce—and Wall Street’s already salivating.
The Breakdown:
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$350 billion in play
: One of the largest bilateral trade agreements since the USMCA.
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Tariffs hacked to 15%
: A win for automakers, tech giants, and… let’s be honest, corporate lobbyists.
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Geopolitical chess
: This isn’t just about trade—it’s a calculated move against China’s supply chain dominance.
Why it matters:
Cheaper semiconductors, EVs, and pharmaceuticals are coming. But don’t expect savings to trickle down to Main Street—Wall Street’s algo-traders will pocket the arbitrage first.
*‘Another masterclass in economic statecraft,’* says the White House. *‘Another excuse to charge $8 for a latte,’* mutters every freelancer in Seoul.
Just before the August 1 tariff deadline, the United States and South Korea reached a major trade deal on lower tariffs and a $350 billion investment promise. The agreement helps ease tensions in key areas like energy and industrial sectors. Read More
