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Al Jazeera

South Korea avoids tariffs hike, tech & pharma exports are in limbo

Al Jazeera · Recent
Al Jazeera
Al Jazeera
Recent

South Korea has reached a trade agreement with the U.S., avoiding steep 25% tariffs but leaving duties unresolved on key exports like semiconductors and pharmaceuticals.

Breakdown
  • South Korea and the US finalized a deal to avoid a 25% tariff increase.
  • Tariff terms for semiconductors and pharmaceuticals remain unresolved. 8s
  • South Korea upheld restrictions on US rice and older beef imports. 36s
  • $150 billion of South Korea's investment will support US shipbuilding. 1m 14s
  • Defense cost-sharing talks will be held separately at a future summit. 1m 48s
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