South Korea is unable to pay US$350 billion upfront in investment in the United States as President Donald Trump suggested under a deal to cut tariffs and is seeking an alternative solution, Seoul’s presidential adviser has said.
Since a handshake deal by the allies’ leaders in July to lower US tariffs to 15 per cent from 25 per cent, as Trump earlier imposed, South Korea has said the US$350 billion in investment would be in the form of loans and loan guarantees as well as equity.
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