CORRECTS - Trump announces major economic, defense deals with South Korea

South Korea has ‘agreed to pay $350 billion’ for lowering of tariffs charged against them by US, president says

CORRECTS DAY IN LEDE

By Diyar Guldogan

WASHINGTON (AA) - President Donald Trump announced Thursday that South Korea has agreed to a sweeping economic and defense package with the US.

"South Korea has agreed to pay the USA 350 Billion Dollars for a lowering of the Tariffs charged against them by the United States," Trump said on his Truth Social platform.

Additionally, he said South Korea agreed to buy US oil and gas "in vast quantities" and investments into the US by South Korean companies and businessmen will exceed $600 billion.

"Our Military Alliance is stronger than ever before and, based on that, I have given them approval to build a Nuclear Powered Submarine, rather than the old fashioned, and far less nimble, diesel powered Submarines that they have now," he added.

Kaynak:

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