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Filtering by entity: South Korea | Clear Filter
Summary:An announcement of a comprehensive trade deal between the United States and the Republic of Korea, detailing South Korean financial contributions, energy purchases, investment commitments, and trade openness.
Sentiment:Triumphant
Key Claims:
- The United States and South Korea have agreed to a Full and Complete Trade Deal.
- South Korea will provide $350 billion for US-owned and controlled investments selected by the President.
- South Korea will purchase $100 billion in LNG or other energy products.
- South Korea will invest a significant sum for their own purposes, to be announced within two weeks during a bilateral meeting at the White House.
- South Korea will be completely open to trade with the United States, accepting American products including cars, trucks, and agriculture.
- A 15% tariff will be applied to South Korea, while America will not be charged a tariff.
- The new President of South Korea, Lee Jae Myung, is congratulated on his electoral success.
Potential Market Impact (S&P 500):7/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:7/10
Summary:The White House is actively engaged in multiple trade negotiations, including an upcoming meeting with South Korea regarding tariff reductions and a recently concluded deal with Pakistan to develop its oil reserves. These efforts are presented as integral to significantly reducing the United States' trade deficit.
Sentiment:Triumphant
Key Claims:
- The White House is very busy working on trade deals.
- Leaders of many countries desire to make the United States 'extremely happy.'
- A meeting with the South Korean Trade Delegation is scheduled to discuss offers to buy down 25% tariffs.
- A deal has been concluded with Pakistan for joint development of its massive oil reserves.
- An oil company is in the process of being chosen to lead the US-Pakistan oil partnership.
- There is a possibility of Pakistan selling oil to India in the future.
- Other countries are also making offers for tariff reductions.
- These trade actions are projected to significantly reduce the US trade deficit.
- A full report on these matters will be released at an appropriate time.
Potential Market Impact (S&P 500):5/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:6/10
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