US Rushes Through Trade Deals Before Aug 1

TRADE WAR Trump's trade deals and country-specific tariffs

- FE BUREAU

JUST BEFORE THE Friday deadline for implementation of reciprocal tariffs, the US has wrapped up trade deals with South Korea, Thailand, Cambodia, and Pakistan, taking the number of countries it has signed agreements with to 11.

With South Korea, the agreement involves tariffs of 15% on exports to the US, while American products will be entering the Korean market duty-free. Like agreements with Japan and the EU, it has substantial investment commitments from Korea.

South Korea will give to the US $350 billion for investments owned and controlled by the United States and selected by President Trump. Additionally, South Korea will purchase $100 billion of LNG or other energy products.