The U.S. and South Korea need to salvage their tariff and investment agreement—for the sake of the alliance.

Gespeichert in:
Bibliographische Detailangaben
Titel: The U.S. and South Korea need to salvage their tariff and investment agreement—for the sake of the alliance.
Autoren: Cha, Victor (AUTHOR)
Quelle: Fortune.com. 10/11/2025, pN.PAG-N.PAG. 1p.
Schlagwörter: *TRADE negotiation, *COALITIONS, *ECONOMIC impact, SOUTH Korea-United States relations, POLITICIANS, PRESIDENTIAL administrations
Geografische Kategorien: SOUTH Korea, UNITED States
People: TRUMP, Donald, 1946-
Abstract: The article discusses the strained relationship between South Korea and the United States following a summit between South Korean President Lee Jae Myung and U.S. President Donald Trump. Key issues include the absence of a joint statement at the summit, disagreements over a $350 billion investment commitment from South Korea, and the impact of a recent ICE raid on a Hyundai-LG EV battery plant in Georgia, which has led to outrage in South Korea. The article highlights the potential economic repercussions for both nations, particularly regarding tariffs and investment commitments, and emphasizes the need for both governments to find a resolution to prevent further deterioration of their alliance. [Extracted from the article]
Copyright of Fortune.com is the property of Fortune Media (USA) Corporation and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Datenbank: Business Source Index
Beschreibung
Abstract:The article discusses the strained relationship between South Korea and the United States following a summit between South Korean President Lee Jae Myung and U.S. President Donald Trump. Key issues include the absence of a joint statement at the summit, disagreements over a $350 billion investment commitment from South Korea, and the impact of a recent ICE raid on a Hyundai-LG EV battery plant in Georgia, which has led to outrage in South Korea. The article highlights the potential economic repercussions for both nations, particularly regarding tariffs and investment commitments, and emphasizes the need for both governments to find a resolution to prevent further deterioration of their alliance. [Extracted from the article]