South Korea Weighs US Investment Pledge to Trim Auto Tariff
South Korea is considering a pledge to invest in US projects in exchange for a reduction in auto tariffs, similar to the deal made between the US and Japan. According to sources familiar with the matter, the two countries have discussed the creation of a fund that would channel Korean investments into American projects. This potential arrangement is part of ongoing trade negotiations between the US and South Korea. The details of the proposed investment fund and the extent of the tariff reduction are yet to be finalized. However, the move suggests a willingness on both sides to find a mutually beneficial solution to address trade imbalances and strengthen economic ties between the two countries.
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