Trump announced on Tuesday (Beijing Time July 31) that he had reached a trade agreement with South Korea. Trump wrote, "I am pleased to announce that the United States of America has agreed to conclude a comprehensive and thorough trade agreement with the Republic of Korea. The agreement is that South Korea will provide the United States with 35 billion US dollars for investments owned and controlled by the United States, selected by me as president. In addition, South Korea will purchase 100 billion US dollars worth of liquefied natural gas or other energy products. Furthermore, South Korea has agreed to invest a large sum of money for its investment purposes. This amount will be announced within the next two weeks, when President Yoon Suk-yeol of South Korea will visit the White House for bilateral talks. I also want to congratulate the new president on his success in the election. Both sides have also agreed that South Korea will fully open its trade with the United States, and they will accept American products, including cars and trucks, agriculture, etc. The United States will not be subject to tariffs. I would like to thank the trade representatives who are present today. I am honored to meet them and talk about the great success of their country!"
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