Written by 11:35 AM World

An agreement has not yet been reached, but… Trump again says, “South Korea will pay $350 billion upfront.”

**”Both Japan and Korea Signed,” says White House Press**

**”South Korea Agreed to $350 Billion, Japan to $650 Billion”**

Despite ongoing negotiations with South Korea, it’s framed as if an agreement has been reached
Mistake in Japan’s figures: actually $550 billion, mistakenly stated as $1,000 billion

On October 15th (local time), President Donald Trump held a press conference at the White House. [Reuters]

**[Herald Economy’s Reporter Kim Soo-han] On October 15th (local time), President Donald Trump reiterated that South Korea had agreed to pay $350 billion (approximately 497 trillion KRW) upfront as part of a trade agreement with the United States.**

During the press conference at the White House, President Trump listed the achievements of tariffs and stated, “Both Japan and Korea have signed. South Korea agreed to pay $350 billion upfront, while Japan agreed to $650 billion (approximately 924 trillion KRW).”

South Korea reached a broad trade agreement with the United States at the end of July but has yet to make a final signature due to differences over how to implement the $350 billion investment.

Additionally, Japan had actually agreed to invest $550 billion in the U.S., but Trump misstated this, leading to a $100 billion discrepancy.

This statement was made in the context of emphasizing the importance of tariffs for the U.S. economy and security ahead of a Supreme Court ruling on reciprocal tariffs imposed on various countries.

President Trump also stated last month on the 25th, “We are receiving $550 billion from Japan and $350 billion from Korea. This is upfront.”

Visited 1 times, 1 visit(s) today
Close Search Window
Close