US-South Korea Deal: Seoul faced 15% tariff, ‘America will not be charged’; Washington to get an investment of $ 350 billion

US President Donald Trump on Wednesday announced a trade agreement with South Korea, implementing 15% tariff on imports from Seoul, which he called a “full and full trade deal” between the two countries. He further announced that America would not be subject to any tariff. As part of the deal, the Asian nation will also provide $ 350 billion for investment in the United States, which will be owned, controlled and personally chosen by Trump. In addition, South Korea will also buy LNG or other energy products worth $ 100 billion, and has also agreed to invest a large amount for investment.Posting on Truth Social, the US President said, “I am happy to announce that the United States has agreed to a full and full trade deal with the Republic of Korea. The deal is that South Korea will give $ 350 billion to the United States for the United States ownership and controlled investments, and will be chosen as the President itself. ,He said, “In addition, South Korea will purchase $ 100 billion LNG, or other energy products and further, South Korea has agreed to invest a large amount for its investment objectives. The amount will be announced within the next two weeks when the President of South Korea, Lee J. Maying, come to the White House for a bipolar meeting.”Trump also congratulated the new President of South Korea and said, “I would like to congratulate the new President for his election success.” He also said that the deal would open South Korea “completely” to American goods “completely”, “they will accept American products including cars and trucks, agriculture, etc.” A 15% tariff will be implemented on South Korean exports, while the US goods will face such allegations.After the impeachment of former leader Yun Suk Yeol, after the attempt of a failed martial law, the announcement came out before the first bilateral meeting of President Li J Mayung with Trump at the White House since taking over in June.Reacting to the deal in a Facebook post, Lee described it as a “first major trade challenge” of his administration, saying, “We have crossed a major obstacle.”“Through this deal, the government has eliminated uncertainty around export conditions and ensures that American tariffs on our exports are less or less than those on our major business contestants,” Lee said.The agreement is an important early victory for Lee, which now leads Asia’s fourth largest economy, when its export-rich industries are under global pressure.“This agreement represents the convergence of American interests in our determination to revive its manufacturing sector and strengthen the competition of Korean companies in the US market,” said Lee.Trump thanked South Korean officials and finished his position, saying, “I would like to thank the business representatives who came forward today. It was an honor to meet him and talk about his great success of his country!”Since returning to the White House in January, Trump chased aggressive trade measures, rolling out the blanket 10% tariff on both colleagues and contestants. Those rates have been determined to climb from August 1, especially standing up on select nations, 25% on imports from India and 50% on people in Brazil.Trump indicated that the Brazilian tariff part was in vengeance, which he was currently facing a criminal case against the former Brazilian President and his far-flung colleague, Jer Bolsonaro, against Jer Bolsonaro.