Donald Trump had previously announced that Seoul would invest $350 billion in exchange for lower tariffs
The $350bn investment pledge demanded by the US as part of a bilateral trade deal could trigger a severe liquidity crunch, South Korean President Lee Jae Myung has told Reuters. Such a transaction risks destabilizing Asia’s fourth-largest economy and could echo past regional collapses, according to the president.
The agreement, announced by US President Donald Trump in late July, includes a sharp reduction in tariffs on Korean imports from 25% to 15%. In return, Seoul committed to major investments in the US and pledged to purchase $100bn…
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