US will set 15pc tariff on S.Korean imports in new deal
President Donald Trump said that the US will demand a 15 percent tariff for imports from South Korea as a part of an agreement that facilitates tension with the 10 best trading partners and key Asian ally.
South Korea also agreed to invest $ 350 billion ($ 544 billion) in the United States to invest in projects selected by Trump and to buy energy products worth $ 100 billion.
After Trump came together with the Korean officials in the White House, the regulation came during the snow storm of trade policy announcements.
Many countries are in a hurry to interrupt agreements before August 1, when Trump promised higher tariffs.
“I am pleased to announce that the United States accepted a complete and complete trade agreement with the Korean Republic of Korea, Tr Trump wrote.
The negotiations were an early test for South Korean President Lee Jae-Myung, who took office in June after an election.
He said that the agreement has eliminated uncertainty and put the US tariffs at the same level or the same level as large competitors.
“We’ve gone a big obstacle, Lee Lee said on a Facebook post.
Trump said that Lee will visit the White House for his first meeting with the US President in the next two weeks ”.
Trump said that South Korea would accept American products, including cars and agricultural goods, to their markets and will not give them imports.
South Korea’s senior officials, the country’s rice and cattle markets will not open further and the US demand for food regulations continues to continue, he said.
South Korea is one of the three Asia-Pacific countries with a comprehensive free trade agreement with the United States, but it has not distinguished from these new tariffs.
After meeting the Japan agreement in July, the pressure on the negotiators increased.
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