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Trump Reduces Tariff Threat in Revised South Korea Trade Deal

Trump Reduces Tariff Threat in Revised South Korea Trade Deal

Global Cryptocurrency
Release Time:
2025-07-31 09:18:01
0
BTCCSquare news:

President TRUMP announced a revised trade agreement with South Korea, scaling back previously threatened tariffs from 25% to 15%. The deal ensures duty-free access for American imports into South Korea, particularly automobiles, while securing commitments for $350 billion in U.S.-controlled investments and $100 million in energy purchases.

The agreement averts a Friday deadline that could have seen steep tariffs imposed on multiple nations. South Korea follows Japan and the European Union in reaching last-minute deals, leaving Canada, Mexico, and China as the remaining major trading partners without resolved terms.

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