On July 30, 2025, US President Donald Trump announced a new trade agreement with South Korea featuring $350 billion in US-controlled investments and a $100 billion energy purchase commitment.
Terms of the New Agreement
The new trade agreement imposes a 15% tariff on South Korean goods entering the United States, while US goods will face no tariffs when entering South Korea. The agreement aims to open South Korea's market to American products, particularly in the automotive and agriculture sectors.
Lack of Confirmation from South Korea
The announcement, made by Trump, has not received confirmation from South Korean officials. This has left some market participants uncertain, with market reactions remaining muted and no visible impact on cryptocurrency markets observed. Statements from both the US and South Korean governments are awaited to clarify further implications.
Impact on International Trade
Experts note that the potential opening of South Korean markets to more US goods could benefit certain industries but may also generate regional trade tensions. Analysts stress the anticipated need for clarity once South Korea formally acknowledges the agreement.
The new trade agreement between the US and South Korea may offer significant economic opportunities, but its actual impact will depend on the formal acknowledgment of the terms by both parties.
