US EditionSouth Korea cannot pay $350 billion to US for tariff deal as Trump suggests, top aide says
South Korea warns $350 billion upfront investment could trigger economic crisis and seeks alternatives like loans and currency swaps, with talks deadlocked ahead of APEC summit.
- South Korea cannot pay the US $350 billion in cash for tariff negotiations as suggested by Washington, according to a senior official.
- US Secretary of Commerce Howard Lutnick has indicated that Washington prefers cash investments instead of loans for the trade deal.
- South Korean officials seek a currency swap and loans, explaining that $350 billion is over 80% of their foreign reserves.
- South Korean National Security Adviser Wi Sung-lac stated that meeting the US demands without safeguards could lead to an economic crisis.
35 Articles
35 Articles
Seoul. The South Korean government cannot pay $350 billion in advance in investments in the United States, as President Donald Trump suggested, in the framework of an agreement to reduce tariffs, and is looking for an alternative solution, Seoul’s presidential adviser said Saturday.
South Korea says it cannot pay $350 billion in US trade deal, seeks alternatives
South Korea said it cannot provide the $350 billion investment upfront in the United States as President Donald Trump suggested and is seeking alternative arrangements, warning that such a payment could threaten the country’s economy.
Trump’s $900 Billion Funding Demands Face Korea, Japan Caution
Donald Trump faces fresh hurdles in his push to secure major investment pledges from Asian allies, after South Korea said Washington’s terms were unrealistic and a contender to lead Japan’s ruling party hinted at the possibility of reviewing the agreement.
Coverage Details
Bias Distribution
- 52% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
