Afghanistan, Oct. 30 -- U.S. President Donald Trump announced that South Korea will pay $350 billion to Washington in exchange for reduced import tariffs and expanded economic cooperation.
U.S. President Donald Trump announced that South Korea will pay $350 billion to the United States in return for reduced import tariffs, according to a statement posted on his Truth Social account Wednesday. He said the deal reflects a "historic strengthening" of bilateral trade and defense relations.
Trump added that, beyond the financial payment, Seoul has agreed to purchase substantial amounts of U.S. oil and natural gas. He claimed the new investments from South Korean companies and investors in the U.S. would exceed $600 billion, a move expected to ...