Trump, South Korea Finalize $450B Trade Deal

President Donald Trump has announced a $450 billion trade deal with South Korea, reducing the threatened tariff on South Korean imports from 25% to 15%. South Korea will not impose tariffs on American goods as part of the agreement. The deal includes $350 billion in South Korean investment in U.S. projects selected by Trump and $100 billion in purchases of U.S. liquefied natural gas and other energy products. South Korea's markets will be further opened to American cars, trucks, and agricultural goods, with more investment details expected during President Lee Jae Myung's White House visit. South Korean officials highlighted advantages for shipbuilding and semiconductor sectors, while the agreement brings South Korea in line with similar deals made with Japan and the EU. Critics warn that the 15% tariff may increase costs for American importers or consumers and escalate global trade tensions.