South Korea resists US pressure to finalise ‘Japan-style’ trade deal
Seoul balks at following Tokyo in letting Trump decide where to invest billions of dollars of its capital
Seoul balks at following Tokyo in letting Trump decide where to invest billions of dollars of its capital

Agreement will reduce auto tariffs on Seoul to 15% in return for $350bn of investment in US

US president says trade deal would lower 25% levy on cars and include $350bn investment

Parliament approves record ceiling of $5bn amid concerns about currency impact from trade deal with Washington

Tokyo officials contest Washington’s claim that American investors assured of vast share of profits from joint investment

Japan and South Korea resist US pressure to wrap commitments to pipeline project into trade deals

Trump-era transactionalism puts relationship between allies to the test