According to the US President, the agreement provides that South Korea invests US $ 350 billion in the United States and buy $ 100 billion in liquefied natural gas and other energy products
The president of the United States, announced on Wednesday that he has reached an agreement with to reduce tariffs about South Korean products from 25% to 15%. “We agreed with a 15% tariff for South Korea. The United States will not pay any fare,” the Republican President said on his social Truth platform.
According to the president, the agreement also provides that South Korea innounces US $ 350 billion in the United States and buys $ 100 billion in liquefied natural gas and other American energy products. In addition, South Korea will be “completely open” to trade with the United States, facilitating the purchase of US cars and agricultural products.
The president did not detail any concession from the United States. Trump will formalize this pact with South Korean President Lee Jae-Myung during a meeting between the two White House leaders in the next two weeks, he added. This Friday will be the deadline established by Trump for the unilateral imposition of tariffs on his business partners, if no prior agreement has been reached.
South Korea is the main Asian commercial partner of the United States, along with Japan. With Japan, Trump also appeared recently in reducing tariffs from 25% to 15%. Last Sunday, the US president also announced an agreement with Brussels that the US will impose 15% tariffs on most European Union (EU) products.
*With information from EFE
Posted by Carol Santos
