US EditionSouth Korea trade deal appears elusive as Trump seeks $350B investment
South Korea commits $350 billion in phased investments to the US for tariff cuts, including lowering auto tariffs from 25% to 15%, finalized at the APEC summit.
- President Trump is seeking a $350 billion investment from South Korea in the United States, but negotiations have been slow over the structure and format of the investments.
- South Korean officials say a direct cash injection could destabilize their economy, preferring loans and loan guarantees instead, and needing a currency swap line.
- While Trump secured $490 billion in commitments from Japan, South Korea faces 25% auto tariffs compared to 15% for Japanese and European competitors.
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262 Articles
US extracts billion-dollar investments from South Korea under trade “deal”
Following an agreement with Malaysia in which it will invest $70 billion in the US over the course of 10 years, Trump managed to finalise the commitment by South Korea to supply $350 billion in investment funds to the US.
South Korea pledges $350bn investment in the US
South Korea and the United States have reached a significant breakthrough in long-stalled trade discussions, agreeing on the specifics of a $350bn investment package in exchange for a reduction in US tariffs on Korean goods.
At the same time, he announced that Seoul will proceed with massive purchases of American oil and natural gas.
Trump Strikes $350B Trade Deal with South Korea
President Donald Trump announced Wednesday that he and South Korean President Lee Jae-myung have “pretty much finalized” a major bilateral trade agreement, setting the stage for a new era of economic and strategic partnership between the two nations. Speaking during a meeting at the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, South Korea, Trump confirmed that the deal’s key components are agreed upon. “We made our deal,” he told…
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