U.S. Agrees to Lower Tariffs as South Korea Commits $200 Billion in Investments

South Korea announced it had reached an agreement with the United States to lower import tariffs and ease investment restrictions. Under the deal, Seoul will invest up to $200 billion annually in the U.S. and allocate $10 billion for American shipbuilding projects.

Source The New York Times

The agreement, finalized during President Trump’s Asia tour, followed months of negotiations. Both sides described it as a “mutually beneficial” step aimed at strengthening economic cooperation and stabilizing trade relations.

Officials said the pact also includes measures to stabilize South Korea’s currency and prevent trade imbalances. The United States will monitor the implementation closely to ensure that investments align with fair-market practices.