President Trump announced on Wednesday that the United States has signed a trade deal with South Korea before its August 1 tariff deadline, with 15 percent tariffs on goods from there.
Trump said on a true post that South Korea would invest $ 350 billion in investment in the US and purchase a $ 100 billion liquefied natural gas and other products.
,The amount will be announced within the next two weeks when South Korean President Lee J Mayung will come to the White House for a bilateral meeting. I would like to congratulate the new President for his election success, “Trump said in his post. ,It also agrees that South Korea will be completely open to trade with the United States, and they will accept the American product including cars and trucks, agriculture, etc. ,
The new deal is below 25 percent of tariffs, Trump threatened.
The President has extended the deadline on tariffs several times during his second term so that business partners can be given time to negotiate deals. But on Wednesday, he indicated that there would be no expansion of the deadline at the end of the week.
“August first time limit August is the first time limit – it’s strong, and it will not be extended. A big day for America !!!” Trump posted on the truth social.
Trump has sent letters to several countries, telling them about tariff rates that they will face their goods to export to the US.Tariff on BrazilAmong others.
There is also a white housedealWith some other countries to determine low tariff rates including Japan, European Union, Indonesia and United Kingdom.
Critics argue that the details of those agreements have not been completely excluded, and that when the tariff is interacted, there are less than that of Trump’s early threat, they are still higher than before taking over.
