SEOUL, South Korea (AP) — South Korea’s new President Lee Jae Myung will travel to Washington later this month to meet with U.S. President Donald Trump, Lee’s office said Tuesday, for talks on trade and defense cooperation in the face of nuclear-armed North Korea and other threats.
Their Aug. 25 summit will follow a July trade deal in which Washington agreed to cut its reciprocal tariff on South Korea to 15% from the initially proposed 25% and to apply the same reduced rate to South Korean cars, the country’s top export to the United States.
South Korea also agreed to purchase $100 billion in U.S. energy and invest $350 billion in the country, and Lee and Trump may discuss how the investment package will be structured and managed. The talks are expected to cover expanding cooperation in