Trump says US, Mexico 'very close' to tariff-reduction deal
Published 1 d ago3 sourcesEvidence: Reported
South Korea's $350B investment deal with the US, signed to secure a 10-percentage-point tariff reduction, is collapsing after Trump unilaterally announced a $200B tranche without Seoul's involvement. Seoul's invocation of a 'commercial viability' clause drew a blunt rebuke, signaling that US trade partners cannot rely on such agreements for stable tariff relief. This underscores the fragility of bilateral trade deals under the current US administration and raises risks for other partners negotiating similar arrangements.
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