Pakistan, Nov. 14 -- The United States and South Korea unveiled a major trade agreement on Friday that includes a $150 billion Korean investment in the U.S. shipbuilding sector and another $200 billion for American industrial projects. The deal follows an October meeting between Presidents Lee Jae Myung and Donald Trump, where both leaders agreed to reduce U.S. import duties on Korean goods to 15% from 25%.
South Korean President Lee called the agreement a turning point for economic cooperation, saying it resolves months of uncertainty caused by U.S. tariffs. He credited the final breakthrough to what he described as a rational decision by the U.S. administration, which helped secure a meaningful and balanced outcome for both sides.
Addit...