South Korea analysts welcome trade deal with U.S.

Government

SEOUL, Oct. 31 (UPI) -- South Korean analysts have welcomed the new trade and investment agreement with Washington, announced Wednesday to coincide with U.S. President Donald Trump 's visit to the country this week. Under the deal, South Korea will invest $200 billion in cash and $150 billion in shipbuilding and other industrial cooperation in the United States, with an annual cap of $20 billion. In return, the United States will cut tariffs on Korean-made products from 25% to 15%, as initially

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South Korea analysts welcome trade deal with U.S. https://www.upi.com - 31.10.2025 15:27

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South Korea analysts welcome trade deal with U.S. https://www.upi.com - 31.10.2025 15:27