The US-South: Donald Trump Trade Agreement announced a trade agreement with South Korea on Wednesday and set a 15 % tariff on the goods imported from Seoul and added that the US would not pay a tariff for its export to the country.
“I am pleased to announce that the United States agreed to a complete and complete trade agreement with the Republic of Korea,” Trump said in the post of Social Truth.
What are the qualities of the US-South Korea trade agreement?
Within the agreement, South Korea pays 15 percent tariffs.
“We agreed with the tariff for South Korea 15%. America will not be charged,” Trump said.
The commercial agreement contains a similar investment that has been promised by Japan in a successful offer to reduce their endangered tariffs.
“The agreement is that South Korea provides $ 350 billion to the United States for investment that owns and controls the United States, and as the president selects himself,” Trump said.
The US Trade Agreement in South Korea comes a few hours before Trump comes into force on August 1.
As part of a trade agreement in South Korea, Soul will also buy $ 100 billion in LNG or other energy products, Trump announced.
Trump, who announced other features of a trade agreement with South Korea, said: “… South Korea further agreed to invest a large amount of money for its investment purposes. This amount will be announced in the next two weeks when the President of South Korea, Lee Jae Myung, will come to the White House for a bilateral meeting.”
15 % of the tariff rate is the culmination of months of business interviews and helps soul-to the largest US business partner to reverse 25 % retribution and other sanctions, as announced for countries like India.
“He also agrees that South Korea will be completely open to trade in the United States and that it will receive an American product, including cars and trucks, agriculture, etc.,” the US President said.
In a statement published on Facebook, Lee called the agreement “the first main commercial challenge” because his administration took power and added: “We overcome the main obstacle.”
“Through this agreement, the government removed the uncertainty surrounding the export conditions and ensured that US tariffs to our exports were lower or equal to those stored by our main competitors,” Lee said.
Lee was elected last month as a Snap vote after the indictment of his predecessor Yoon Suk Yeol, over his disastrous statement of combat law in December.
(Tagstotranslate) Trump
