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Finally, South Korea, US clinch trade deal
Financial Express Kolkata
|October 30, 2025
DONALD TRUMP AND South Korean President Lee Jae Myung finalised details of their fraught trade deal at a summit in South Korea on Wednesday, and the US president also sounded an optimistic note about a looming summit with China’s Xi Jinping.
“We made our deal, pretty much finalised it” Trump said at a dinner with Lee and other regional leaders on the sidelines of an Asia Pacific forum.
The allies unveiled a deal in late July under which Seoul would avoid the worst of US tariffs on its imports by agreeing to pump $350 billion of new investments into the US in return for lower tariff rates.
This story is from the October 30, 2025 edition of Financial Express Kolkata.
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