South Korea began to make payments to us for the American military placement on its territory in Trump’s first term, however, according to him, Joe Biden “for unknown reasons” has canceled the agreement.
U.S. President Donald Trump announced a telephone conversation with the acting president of South Korea Khan Dock Su, where he discussed issues of trade balance, tariffs, shipbuilding, American liquid natural gas and funding for US military availability in South Korea. The head of the White House informs the social fact on Tuesday, April 8.
Trump noted that South Korea has a significant excess trade in the United States, focusing on the need to reduce it. He also said Seoul plans to send a delegation to Washington to discuss these issues and the possible conclusion of a mutual -benefit trade agreement.
The President recalled that South Korea began to make payments to us for the American military put on its territory in its early days, however, according to Trump, his successor Joe Biden “for unknown reasons” has canceled this agreement. He emphasized the need for a fair distribution of costs for maintaining American troops in South Korea, adding that Seoul should make a greater contribution to funding its existence.
Talking about bilateral trade, Trump noted that there is a “high probability of finishing an desired agreement for both countries.” According to him, the delegation from Seoul is currently going to the United States to discuss this issue.
In this regard, the Yonhap agency with the VO’s office references the President reported that the conversation lasted 28 minutes and became the first between the leaders of the two countries since Trump’s entered.
In response to these statements, the South Korea Jung In-Co minister said the government was considering the steps to increase imports from the United States, especially the purchase of LNG, to reduce trade imbalance and reduce the influence of new American tariffs. Jung also noted that South Korea plans to organize with US representatives to discuss these issues.
Earlier, Khan Doc Sou said South Korea would apply all possible steps in response to the duties introduced by the United States.
Earlier, Ministers of the Japan, China and South Korea industry discussed the free trade agreement with Seoul.
Trade zones can be free to protect against US aggressive policy
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.