Donald Trump and South Korean President Lee Jae Myung finalized details of their fraught trade deal at a summit in South Korea on Wednesday, and the U.S. president also sounded an optimistic note about a looming summit with China’s Xi Jinping.
“We made our deal, pretty much finalized it,” Trump said at a dinner with Lee and other regional leaders on the sidelines of an Asia Pacific forum.
The allies unveiled a deal in late July under which Seoul would avoid the worst of U.S. tariffs on its imports by agreeing to pump $350 billion of new investments into the United States in return for lower tariff rates.
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Source: https://www.cnbc.com/2025/10/29/trump-announces-trade-breakthrough-with-south-korea-on-asia-trip.html
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