Thursday 30 October 2025
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wn.com - 19 hours ago

US and South Korea near completion of major trade deal worth $350B

The United States and South Korea have reached an agreement on the key details of a long-awaited trade deal, according to South Korean presidential chief of staff for policy Kim Yong-beom. The announcement came after a bilateral meeting between President Lee Jae Myung and US President Donald Trump on the sidelines of the APEC Summit in Gyeongju on Wednesday. The two leaders finalized discussions that had been ongoing since July, when the countries agreed on the general framework of the deal. That preliminary agreement had already reduced reciprocal tariffs to 15%, though South Korea’s...


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