SEOUL: South Korean President Lee Jae Myung and US President Donald Trump will maintain their first summit meeting on Aug 25 in Washington to debate strengthening the 2 nations’ alliance and financial safety partnership, Lee’s workplace stated on Tuesday (Aug 12).
Lee, who was elected president in a snap election in June, has made it a high precedence to assist his export-dependent nation navigate the dramatic adjustments within the world buying and selling setting triggered by Trump’s tariff insurance policies.
Creating their safety alliance to “a future-oriented complete safety alliance” and financial safety partnership will function extremely within the assembly, presidential spokesperson Kang Yu-jung advised a briefing.
Primarily based on the tariff deal reached last month, the 2 leaders will search to push ahead a partnership within the manufacturing sector, together with in semiconductors, batteries and shipbuilding, Kang stated.
Trump introduced on Jul 30 the international locations had reached a commerce deal that may topic South Korean items to fifteen per cent import duties, reducing the tariff he had initially set in opposition to one in every of America’s high buying and selling companions.
Trump has stated South Korea will announce funding plans on the upcoming summit and that Seoul had dedicated to creating US$350 billion of investments to be “chosen” by him.
