US and South Korea seal trade deal
Agreement will reduce auto tariffs on Seoul to 15% in return for $350bn of investment in US
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

Tariff relief for cars, steel and aluminium yet to be agreed

Leaders agree to postpone export restrictions on rare earths and semiconductors after South Korea summit

Seoul balks at following Tokyo in letting Trump decide where to invest billions of dollars of its capital

Announcement spares British exporters from threat of tariff increases

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