South Korea – U.S. Summit to Finalize Tariff Deal, Defense Cost-Sharing, and Industrial Projects
South Korean President Lee Jae-myung is heading to Washington on August 25 for his first face-to-face with U.S. President Donald Trump since winning June’s snap election. The two leaders are expected to strengthen the 72-year-old defense alliance and wrap up a July trade deal that lowers U.S. tariffs on Korean goods to 15%. That agreement also sets the stage for at least $350 billion in South Korean investment and $100 billion in U.S. energy exports.