South Korea and the United States have finalized a sweeping fact sheet that lowers tariffs, unlocks nuclear submarine cooperation and reshapes U.S. troop planning, while building in safeguards for Korea’s financial markets and outlining a coordinated approach to North Korea and China.
South Korea and the United States finalized terms of a long-discussed trade package in Gyeongju, confirming a $350 billion investment plan and setting reciprocal tariffs, including autos, at 15 percent. The leaders also advanced alliance issues during President Trump’s state visit.
During their first summit, South Korea’s President Lee Jae Myung urged Donald Trump to act as peacemaker on North Korea, while both leaders advanced trade and defense cooperation.
