Today we agreed to another historic trade deal. The Republic of Korea will provide $350 Billion for the United States to invest as President Trump directs, with 90% of the profits going to the American people. South Korea also agreed to purchase $100 Billion in LNG and other energy products from the United States over the next 3.5 years. Additionally, when the President of South Korea visits the White House in the coming weeks, President Trump and President Lee Jae Myung will announce the enormous investments South Korean companies will make in America. South Korea’s reciprocal and auto tariff rate will be set at 15%. They will also not be treated any worse than any other country on semiconductors and pharmaceuticals. Steel, aluminum, and copper are not included and remain unchanged. These trade deals reflect the clear understanding that President Trump’s tariff and trade agenda has the power to reshape global commerce. I could not be prouder to help deliver on President Trump’s promises to the American people. Trade and tariffs are how we Make America Great Again.
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