Archive · 27 Sep 2025
South Korea Rejects Trump's $350 Billion Cash Payment
The United States and South Korea made a deal where the U.S. would lower tariffs on South Korean goods.
As part of the deal, South Korea agreed to invest $350 billion in U.S. projects.
However, South Korea has said that it can't pay this amount in cash, as suggested by former U.S. President Donald Trump.
Instead, South Korea plans to provide the funds through methods such as loans and investments.
South Korea cannot pay $350 billion in cash to the US.
The payment was proposed as part of a tariff agreement.
The agreement involved reducing US tariffs on South Korean goods.
South Korea pledged $350 billion in investments.
South Korea is looking for an alternative payment method.
- Who
- South Korea and the United States.
- What
- South Korea cannot pay $350 billion in cash to the U.S. for a tariff deal.
- When
- The issue was raised after a handshake agreement in July.
- Where
- Between South Korea and the United States.
- Why
- South Korea is seeking an alternative payment method.
- Countries Involved
- South Korea, United States
- Proposed Payment
- $350 billion
- Payment Type
- Cash (rejected)
- Alternative Payment
- Loans, loan guarantees, equity
- Tariff Deal
- Reduced US tariffs on South Korean goods to 15% from 25%