US President Donald Trump has said that the relationship between America and South Korea has become very good. Trump’s statement has come to light amidst the new trade agreement between the US and South Korea. This agreement has been reached after tariff talks that have been going on for several months.
President Trump made this comment in response to the question of a journalist. The journalist asked him about the meeting with South Korean President Lee J Mung. Trump said that the meeting will be held in the White House within two weeks.
Trump reduced from 25 to 15 percent
According to Yonhap News Agency, Trump said, “We have a very good relationship with South Korea.” On Wednesday, Trump announced this trade agreement. Under this, the US has reduced the “reciperook tariff” to be imposed on Korea from 25 percent to 15 percent. In return, South Korea has made some promises to invest in America and some other promises.
When will the President of South Korea come US? Trump replied
Trump also reiterated that the President of South Korea would come to the White House within two weeks. South Korea’s Foreign Minister Cho Hyun also said that talks are going on to fix the date for this meeting. Meanwhile, the South Korean government has made it clear that there is no new provision regarding ‘rice market’ in this trade agreement. Finance, Industry and Agriculture Ministries said in the press release, “Korea-US trade agreement is not related to rice.”
South Korea will invest $ 350 billion in the next 4 years in US
According to this agreement on Thursday, the US has reduced the fee rate for South Korea from 25 percent to 15 percent. In return, South Korea has promised that it will invest $ 350 billion in the US in the coming four years and buy US $ 100 billion US energy products (such as LNG).
According to sources, the US had pressurized South Korea to open its rice and beef market doors to them, especially to lift the ban on American beef products made of cows over 30 months old.