Trump reaches comprehensive trade agreement with South Korea

President Trump announced on Wednesday that the United States and South Korea have reached a comprehensive trade agreement, as East Asia is investing $ 350 billion in US projects chosen by Trump.

Trump said that South Korea, which agreed to be “completely open” for trading with the United States, will now face a 15 % reduced tariff for imported goods – a decrease from 25 % planned, which would have come into effect on August 1.

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“I am pleased to announce that the United States of America has agreed to a full and complete trade agreement with the Republic of Korea,” Trump said in fact on Wednesday. “The deal is that South Korea will provide the United States 350 billion dollars for its ownership and control by the United States, and its choice of myself, as president.”

As part of the deal, US President said that South Korea will also buy $ 100 billion of LNG (LNG) or other energy products.

Trump, the new president of South Korea agrees to conclude a deal on the definitions that would meet both countries

“In addition, South Korea will buy $ 100 billion in LNG, or other energy products, moreover, South Korea has agreed to invest a large amount of money for its investment purposes,” Trump said. “This amount will be announced in the next two weeks when the President of South Korea, Lee Jay Meong, comes to the White House to attend a bilateral meeting.”

Li Jae Meongy, the newly -elected South Korean President, speaks at a press conference at the Presidential Office on June 04, 2025 in Seoul, South Korea. (Ahn young-joon / Getty Images / Getty Images)

At The Truth Post, Trump congratulated South Korean President Lee Jae-Myung on his victory in the last elections. Southern Korean voters swam in the presidential race last month, and conservative candidate Kim Moon Soo adopted the liberal opponent’s defeat for me in the surprise elections.

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“I would also like to congratulate the new president on his electoral success,” Trump said. “It is also agreed that South Korea will be completely open to trading with the United States, and that they will accept the American product including cars, trucks, agriculture, etc.” “… I would like to thank the commercial representatives who advanced today. Honor was honored to meet them, and to talk about the great success of their country!”

US Secretary of State Marco Rubio talks to shaking hands with photographers with Pakistani Deputy Prime Minister and Foreign Minister Isaac, a house in the Foreign Ministry in Washington, the United States, July 25, 2025. (Reuters photos / Reuters)

This announcement comes just hours after Trump’s announcement That the United States They have reached a trade agreement with Pakistan, where the two countries will work together to develop oil reserves in South Asia.

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Earlier this month, Trump announced that the United States will impose a 25 % tariff on goods imported from Japan and South Korea, as of August 1.

The White House did not immediately respond to the Fox Business request for comment.