President Trump Has Secured Another Historic Trade Deal With South Korea.

U.S.-Republic Of Korea Reach Trade Deal

The US and South Korea have reached a trade deal that includes a 15% tariff on South Korean goods. Here are the key points of the agreement ¹ ²:

South Korea must ;

Invest $350 billion in the United States

Purchase $100 billion in LNG and other activities.

Completely open trade with no tariffs on American goods

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Details are as follows

– *Tariff Reduction*: The US will cut tariffs on South Korean exports from 25% to 15%, a significant reduction that will benefit South Korea’s export-driven economy.

– *Investment Commitment*: South Korea will provide $350 billion in investments to the US, which will be owned and controlled by the US.

– *Energy Purchases*: South Korea will purchase $100 billion worth of liquefied natural gas (LNG) and other energy products from the US.

Market Access*: South Korea will open its markets to US goods, including cars, trucks, and agricultural products, while US goods will not face tariffs.

– *Shipbuilding Cooperation*: Both countries have agreed on a $150 million shipbuilding cooperation package.

– *Exclusions*: South Korea’s rice and beef markets will not be further opened up to US exports.

This trade deal is seen as a major diplomatic achievement for both countries, and it’s expected to boost economic cooperation between the US and South Korea.

I’m pleased to announce that the United States of America has agreed to a full and complete trade deal with the Republic of Korea”President Donald Trump  Confirmed.