The US and South Korea reached a comprehensive trade agreement on 29 October 2025, which includes a reduction in tariffs on Korean automobile exports to the U.S. from 25% to 15%. This agreement was reached during a summit between President Donald Trump and President Lee Jae Myung in Gyeongju, South Korea. The deal also includes a USD 350 billion investment package from South Korea into the U.S., with USD 200 billion in cash investment and USD 150 billion in shipbuilding cooperation. The annua…