South Korea is "realistically" unable to pay $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 revealed.

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South Korea has announced it cannot meet the demand for a $350 billion upfront investment in the United States, which was proposed as part of a tariff reduction deal with President Donald Trump. The South Korean national security adviser explained that such a large immediate outlay could threaten the country's financial stability, and that alternatives are being sought.

The original agreement between the two countries aimed to reduce US tariffs on South Korean goods from 25 percent to 15 percent, with the investment intended to come through loans, loan guarantees, and equity. However, President Trump recently stated the investment should be paid upfront. South Korea is now working to finalize a revised deal during the upcoming Asia-Pacific Economic Cooperation summit, which both leaders are expected to attend.

South Korea can't afford Trump tariff deal

South Korea is unable to pay $350 billion up front in investment in the United States as part of a tariff deal with President Donald Trump. That's according to the South Korean national security adviser, who said on Saturday the country is seeking an alternative solution. The two allies agreed on a deal in July that would cut U.S. tariffs on South Korean goods to 15 percent from the 25 percent Trump earlier imposed. Donald pledged $350 billion towards U.S. projects and said it would come in the form of loans, loan guarantees and equity. But in remarks this week, Trump said South Korea would provide the investment up front. Despite its contention, that kind of outlay could plunge Asia's fourth-largest economy into a financial crisis. On a South Korean TV news program, national security adviser, Wheesung Lak, said the sum is objectively and realistically not a level we are able to handle. We, who is the top security adviser to President Lee Jae-myung, said alternatives are being discussed and that Seoul aims to finalize the trade deal with Washington during next month's summit of the Asia-Pacific Economic Cooperation Grouping. South Korea is hosting the AIPAC gathering, which Trump is expected to attend.

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South Korea can't afford Trump tariff deal

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