Archived photos: U.S. President Donald Trump gestures at a joint press conference in South Korea.
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U.S. President Donald Trump announced Wednesday that Washington has reached a “complete and complete” trade agreement with Seoul, with tariffs on the country’s blanket exports to us at 15%.
Trump also said that in an article on social media platform Truth Social, South Korea will “give $350 billion in funding to the United States for investments owned and controlled by the United States and I am chosen as president.”
South Korean President Lee Jae-Myung said in a Facebook post that according to his statement in South Korea, his country negotiated tariffs with the United States after “collecting various opinions and refining our strategy.”
Lee said the $350 billion fund “will promote active entry into the U.S. markets in industries where we have advantages, such as shipbuilding, semiconductors, secondary batteries, biotechnology and energy.”
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