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South Korea and the U.S. are negotiating a trade deal with unresolved terms, including $350 billion in investments, after the U.S. cut Japan’s auto tariffs to 15%.
South Korea and the U.S. are in intense negotiations over the details of a July trade deal, with Trade Minister Yeo Han-koo emphasizing that key specifics remain unresolved.
The agreement includes a U.S. promise to reduce tariffs on South Korean autos to 15% from 25%, in exchange for Seoul’s pledge to invest $350 billion in the U.S. and other commitments.
However, the deal’s implementation is pending, as talks continue on investment structure, funding, and profit-sharing.
Pressure has mounted after the U.S. lowered tariffs on Japanese autos to 15% starting Tuesday, potentially disadvantaging Korean exports.
U.S. officials, including Commerce Secretary Howard Lutnick, have urged Seoul to finalize the deal or face higher tariffs.
Corea del Sur y los EE.UU. están negociando un acuerdo comercial con términos no resueltos, incluyendo $ 350 mil millones en inversiones, después de que los EE.UU. redujeron los aranceles de automóviles de Japón al 15%.