Trump announces trade agreement with South Korea ago

Trump announces trade agreement with South Korea ago

President Donald Trump has announced a new trade agreement with South Korea, which provides for a customs fee of 15 % on goods from this country.

Details of the trade agreement

In a contribution to Truth Social, Trump explained: "The agreement provides for South Korea to provide the United States $ 350 billion in the United States and controlled investments that I selected as President." This significant investment is intended to further strengthen economic relationships between the two nations.

effects on the economy

The introduction of tariffs could have a noticeable impact for companies in the USA and South Korea. While the US economy could benefit from additional income, South Korean exporters could suffer from the new tariffs, which could lead to potential price increases for consumers.

further developments

This story is constantly and is updated regularly to provide all important information on this current topic.