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Trump Reduces Tariff Threat in Revised South Korea Trade Deal
Trump Reduces Tariff Threat in Revised South Korea Trade Deal
23
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BTCCSquare news:
President TRUMP announced a revised trade agreement with South Korea, scaling back previously threatened tariffs from 25% to 15%. The deal ensures duty-free access for American imports into South Korea, particularly automobiles, while securing commitments for $350 billion in U.S.-controlled investments and $100 million in energy purchases.
The agreement averts a Friday deadline that could have seen steep tariffs imposed on multiple nations. South Korea follows Japan and the European Union in reaching last-minute deals, leaving Canada, Mexico, and China as the remaining major trading partners without resolved terms.
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