US-South Korea Trade Deal: New Auto Tariffs & Investment
Update: 2025-11-14
Description
On November 14th, the U.S. and South Korea unveiled a new trade agreement, reducing tariffs on automotive imports and auto parts, and promising favorable terms for semiconductors. The deal also addresses non-tariff barriers in South Koreas agricultural and digital services sectors. South Korea will contribute $200 billion to a $350 billion investment fund, with the remaining $150 billion supporting shipbuilding cooperation.
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