South Korea Weighs US Investment Pledge to Trim Auto Tariff.

Tariff; Negotiation; Commercial treaties; Automobile taxes; Foreign investments; Hyundai automobiles; Koreans

South Korea; United States

The article discusses ongoing negotiations between the United States and South Korea regarding a potential trade deal that may involve the creation of a fund to invest in American projects, similar to a recent agreement between Japan and the U.S. The discussions are fluid, with the U.S. seeking investment pledges totaling hundreds of billions of dollars, while South Korea is reportedly preparing to propose at least $100 billion in investments, supported by major conglomerates like Samsung and Hyundai. The negotiations are influenced by a recent deal with Japan that reduced tariffs, putting pressure on South Korea to secure similar terms to avoid competitive disadvantages for its automakers. [Extracted from the article]

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