President Donald Trump said on Wednesday the US would charge 15 percent tax from the importation of South Korea, as part of the intensity of the highest trading partner and the Asia Ally Key.
South Korea also agreed to invest $ 350 billion in the United States for projects elected by Trump and to buy energy-costing energy costs worth $ 100 billion.
The order, declared after Trump and Korean officials in the White House, arrived at the time of Blizzard of commercial policy announcements. Many countries rush to cut dealies before Aug.1, where Trump has promised high tax prices.
“I am happy to announce that the United States of America has agreed to the full trade and complete trade of the Korean Republic,” said the public.
Conversations were the first test of the South Korea Lee Jege, who took over June after Snap election. He said the agreement eliminated uncertainty and sets US tax rates or in the same level and senior competitors.
“We’ve crossed a big problem,” Lee said in Facebook post office. Trump said Lee would visit the White House “two weeks” for his first meeting and the President of the US.
South Korea will accept American products, including Autos and agricultural assets in its markets and place import services, Trump added.
The highest South Korea officials say that the country’s rice markets and cow will not be more open, and more US ambassador discussions are underway.
Seoul seemed to protect its non-prices while storing its taxi amount in Papan and the European Union, said Citi Kim Jin-Wook.
“While the topics of the topics looks like a large US cache, the information appears to be interesting in South Korea,” he said.
Devenud for details
South Korea seems to have avoided the worst, agreed to Cheong In-Kyo, who was the principal of South Korea. But he also said ideas for a case that could change if $ 350 billion were not working properly.
It is unclear that investment will include what involves investing, where money will appear at the time the timers will be used for their goals. Trump said that South Korean investment was added later.
For a complete amount, $ 150 billion aims to build the ark, while $ 200 billion incorporated nuclear power, batteries, and biotechnology, Kim Yong-Boom, decimal officers, told the Ngomean.
He said “the conflict is good,” while adding that discussions had confirmed that there would be protections on how money was used.
Existing investment programs in South Korea companies will be part of the Fund, according to the executive of the President.
US President Donald Trump sent letters to the government around Monday, explaining tax prices to include in Aug. 1. Canada’s deadline of July 21 access to a deal with the US appears to be left.
The US Commerci Howard Lutnick secretary said the X that 90 percent of the benefit of $ 350 Fund ‘went to the American people.’
Kim said South Korea understands that it means that some benefits can be updated.
Purchasing power includes flammable natural gas, burning gas gas, crude oil and small coal value, added.
“This is within our normal volume of importation,” he who comment could lead to “a slightest switch” in the country from Middle East to additional American sources.
Luthnick said the procurement took place “in the next 3.5 years.”
The number of South Korea autos taxes would be 15 percent, Lutnick said, the lowly from 25 percent of 25 percent. Luutnick said that the semiconductor and posting without medications would not be mistreated than from other countries. The iron, aluminum and brass have not been covered by the new covenant.
Scramble South Korea
South Korea is one of the three Asian-Pacific countries with a comprehensive free trade agreement with the United States, but that did not save from new prices.
Conversations have occurred at a chaotic political area of South Korea and the president of the Yoon Yoon Suk Yose were removed from April after being reduced to complete the law. The pressure in conversations are increased after Japan receives its agreement at the beginning of this month.
South Korea has always been a particular target of Trump Surveplus for trade and storage costs for about 28,800 troops in the United States to protect North Korea. Last year South Korea sent a $ 55 billion trades superplus by the United States, up 25 percent since the year before.
South Korea companies have accepted the agreement, saying it will reduce uncertainty.
During the last minute press to reach the tax price agreement, samsung electronics are combined with 16.5 billion chips through Tesla Tsla.O. LG Energy Solution 373220.
