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Boosted by jsonstein@masto.deoan.org ("Jeff Sonstein"):
Lazarou ("Lazarou Monkey Terror 🚀💙🌈") wrote:

Any country that thinks a deal with Trump will last is a country that's going to be ripped off.

But they still do it, don't they? Bend the knee to a Child Rapist....

#Trump #Tariffs #SouthKorea

2imago 23578ST Trump announces trade deal to impose 15% tariffs on imports from South Korea, despite existing free trade agreement he signed Donald Trump announced on Wednesday that he has agreed to a new trade deal with South Korea that will subject South Korean imports to a 15% tariff rate. South Korean importers will pay no tariffs on US goods they purchase. The new arrangement comes seven years after the president negotiated a slightly revised version of the existing US-Korea Free Trade Agreement, known as Korus, under which almost 95% of the goods traded between the two nations were free of tariffs. When that agreement was struck, Trump called the deal “fair and reciprocal” and praised it as a win for US auto- ‘makers, since South Korea agreed to phase out a 25% tariff on US-made trucks. Trump said that South Korea agreed to invest $350 billion in the United States and purchase $100 billion in U.S. energy products. Writing on his social media platform, Trump claimed that the new agreement meant that “South Korea will be completely OPEN TO TRADE with the United States, and that they will accept American product including Cars and Trucks, Agriculture, etc”