U.S. President Donald Trump stated that he concluded the controversy over the trade agreement between the United States and South Korea during the U.S.-South Korea summit.
On the 26th (local time), President Trump said at a Cabinet meeting at the White House, "I heard there were problems with South Korea (in the trade negotiations), but I met with the president of South Korea yesterday, and they have been resolved."
President Trump explained, "They tried to do something, but they adhered to the agreement, and that was a good thing." This is interpreted as reaching conclusions on the remaining issues in the trade negotiations between the two countries in favor of the U.S. However, President Trump did not mention specific details.
Earlier, South Korea had lowered the reciprocal tariff rate by 10% (from 25% to 10%) in exchange for a $350 billion investment and $100 billion worth of energy purchases from the U.S. on the 30th.
However, regarding the expansion of rice and beef imports, which our government stated would have "no additional openings," the U.S. revealed differences in position even after the negotiations, leading to confusion.