Archive · 2 Aug 2025
Trump: US, S. Korea Have 'Great' Relationship After Trade Deal
The US and South Korea have made a new trade deal.
President Trump said their relationship is great.
The US lowered tariffs on South Korea, and in return, South Korea will invest a lot of money in the US.
They also agreed on buying some energy products.
One thing they didn't agree on was opening up the South Korean market to more American rice.
They also are planning a summit.
President Trump says US has a "great" relationship with South Korea.
A trade deal was reached with South Korea.
The US lowered tariffs to 15% in exchange for South Korean investments.
South Korea will invest $350 billion in the US.
The trade deal did not include further opening of the rice market.
- Who
- President Trump and South Korean President Lee Jae Myung
- What
- Trade deal and a strengthening relationship between US and South Korea.
- When
- Recent
- Where
- Washington
- Why
- To facilitate trade and strengthen the relationship.
United States
South Korea
Rice Market Access
United States
Desire for further opening of the rice market.
South Korea
South Korea maintains rice market restrictions.
- Key Figures
- Donald Trump, Lee Jae Myung
- Trade Deal
- Reciprocal tariffs lowered to 15%
- South Korean Investment
- $350 billion
- Energy Purchase
- $100 billion
- Upcoming Summit
- In two weeks
