Can Korea Push 2025 Growth Above 1% After US Tariff Deal?

Can Korea push 2025 growth above 1% after US tariff deal?

Korea's signing of a tariff agreement with the U.S. is viewed as a potential turning point for its economy, which had widely been expected to expand less than 1 percent this year, experts said Friday. They say the overall downside risk could diminish as exports have avoided the worst-case scenario and domestic demand is showing signs of recovery. "It's inevitable that exports will face some negative impact with tariffs now in place. However, muc…

South Korea Signs Trade Deal with US, Others Face High Tariffs - The Next Hint

South Korea has signed a new deal with the US on July 31, 2025, just hours before the August 1 deadline. The US will now charge only a 15 percent tariff on South Korean goods. In return, South Korea promised investments and energy purchases. Countries like India and Brazil did not sign deals. They will now face much higher tariffs. This will raise prices in the US and impact many products. South Korea Deal with Trump South Korea has committed to…

U.S. Grains Council Reacts To Trade Deal With South Korea - U.S. GRAINS COUNCIL

Yesterday, President Donald Trump announced another in a series of recent trade deals – this time with the Republic of Korea – that he says amounts to an investment in $350 billion in U.S. goods, including agricultural products, and South Korea will purchase an additional $100 billion in liquified natural gas (LNG) and other energy products. The President says U.S. goods will be traded at a zero tariff rate with South Korea, while South Korea wi…