This deal would mean the duties will be lowered from the 25% that Trump had threatened in his "tariff letter" to Seoul earlier this month. South Korea will "give to the United States $350 Billion Dollars for Investments owned and controlled by the United States,

Japan will invest $550 billion in the U.S. and allow the U.S. to tax Japanese goods sold in America at 15 percent.

US President Donald Trump has announced a new trade agreement with South Korea. Meanwhile, he’s called for a 25 per cent tariff on Indian goods along with an additional penalty for buying energy and arms from Russia.