US agrees to 15% tariffs on S. Korea

[Starmix]

From the Washington, USA report, US President Donald Trump said Wednesday that his administration has agreed to lower "reciprocal" tariffs on South Korea to 15 percent from the proposed 25 percent in return for massive investments and market opening, and hold a summit with President Lee Jae Myung at the White House in two weeks.

According to the report, Trump announced the deal with South Korea in a social media post, shortly after Seoul's Finance Minister Koo Yun-cheol and other top negotiators met him to finalize an agreement before Friday, when the steep blanket tariffs are set to take effect unless a deal is reached.

The report said that they have agreed to a Tariff for South Korea of 15 percent. The deal also includes South Korea's agreement to purchase USD100 billion of US liquefied natural gas or other energy products, and invest a large sum of money for Seoul's investment purposes, Trump said.

In addition, touching on South Korea's USD350 billion investment plan, the secretary said 90 percent of the profits will go to the American people.


Source: PNA (Yonhap)

 

[magnus2022]

Donald Trump is a businessman to the core! He ia always a head of others in negotiation. He is making better deals for United States. Donald Trump is too patriotic to American people. That's recommendable!

 

[Starmix]

With Trump's tactic in reducing the tariff of South Korea leads to billion $350 billions of investment and 90 % goes to the United States of America. Wise MAGA.