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S Korea Kicks Off Deals After Trump, Lee Meet
Business Standard
|August 27, 2025
South Korean firms announced a flurry of deals with US businesses, including $50 billion in agreements with Boeing Co. and GE Aerospace, after the nations' leaders met in-person for the first time in Washington on Monday.
The two sides had reached a last-minute trade deal at the end of July that set tariffs on US imports from South Korea at 15 per cent, allowing Seoul to avoid the 25 per cent rate that US President Donald Trump had threatened to impose.
Despite a charm offensive from President Lee Jae Myung, and Trump's previous criticisms that the Asian nation has more unfair tariffs than China, that deal remains in place.
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