South Korea-US trade deal: Seoul says can’t ‘pay $350 bn in cash’; seeks alternative solution

Sep 29, 2025 - 09:00
South Korea-US trade deal: Seoul says can’t ‘pay $350 bn in cash’; seeks alternative solution

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South Korea has rejected President Trump's assertion that it will provide $350 billion in upfront cash for a tariff reduction deal, clarifying the funds were pledged as loans and guarantees. Seoul's officials warned that such a massive cash outflow would trigger a financial crisis, despite its reserves.

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