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2025-07-31 06:29:56
[Trump announces trade agreement with South Korea: 15% tariff + $350 billion investment] U.S. President Trump announced on the Truth Social social media platform that the United States has agreed to reach a comprehensive and complete trade agreement with South Korea. The agreement is that South Korea will pay the United States $350 billion for investment projects owned and controlled by the United States, which will be selected by me personally as president. In addition, South Korea will purchase $100 billion in liquefied natural gas (LNG) or other energy products, and South Korea has also agreed to invest a large amount of money for its investment purposes. This amount will be announced when South Korean President Lee Jae-myung visits the White House in the next two weeks. The two sides also agreed that South Korea will fully open trade with the United States and accept American products including cars and trucks, agriculture, etc. We agree to impose a 15% tariff on South Korea. The United States will not be subject to tariffs.
