US, South Korea Finalize Trade Deal After Months of Talks
Update: 2025-10-30
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**Summary:**President Trump and South Korean President Lee Jae Myung finalized a significant trade deal, with South Korea committing $350 billion in investments. The agreement includes a mix of equity, loans, and loan guarantees, and caps tariffs on South Korean goods at 15%. South Korea will also buy American oil and gas and invest up to $600 billion in the US. The deal, set to run until 2029, aims to stabilize industries and foster long-term cooperation.
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