U.S. President Donald Trump walks from Marine One after arriving on the South Lawn of the White House, Tuesday, July 29, in Washington.AP/YONHAP
U.S. President Donald Trump announced that the United States and Korea have reached a "full and complete trade deal," establishing new terms of economic cooperation ahead of a looming tariff deadline.
Under the agreement, Korea will invest $350 billion in U.S.-controlled projects and purchase $100 billion worth of U.S. liquefied natural gas and other energy products. In exchange, Korea will grant duty-free access to a wide range of American exports, including automobiles, trucks and agricultural goods.