Trump announces trade deal with Korea including $100 billion LNG purchase and tariff-free access for U.S. exports

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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 walks from Marine One after arriving on the South Lawn of the White House, Tuesday, July 29, in Washington.

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.

Trump announced the deal in a post on his Truth Social platform Wednesday, calling it a significant win for American workers and industry.

BY YIM SEUNG-HYE [yim.seunghye@joongang.co.kr]