South Korea Unable to Pay $350 Billion in Cash Under Trade Pact
According to a senior South Korean official, the country is unable to provide the United States with $350 billion in cash as suggested under a trade deal to lower tariffs. The official stated that such a large sum of money is not feasible for South Korea to pay. The trade pact, which aimed to address the trade imbalance between the two countries, has faced challenges in its implementation. South Korea has emphasized the need for a more balanced and mutually beneficial agreement, rather than a one-sided demand for a substantial cash payment. The issue highlights the complexities involved in international trade negotiations and the importance of finding solutions that consider the economic realities and constraints of both parties involved.
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