Seoul: South Korean President Lee Jae Myung said Tuesday that a tariff deal with the United States that was finalized last week has eased economic uncertainties while touting progress in talks with the US on the supply of fuel for nuclear-powered submarines.

In his budget speech at the National Assembly, Lee reviewed the results of his summit with US President Donald Trump, which finalized details of Seoul’s US$350 billion investment pledge in exchange for lower US tariffs.

Last week, Lee asked Trump to allow South Korea to have fuel for nuclear-powered submarines. In return, Trump gave approval to South Korea to build nuclear-powered submarines in a US shipyard owned by South Korea’s Hanwha Ocean.

Lee said South Korea’s tariff deal with the US secured tariff levels equivalent to those

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