Are you in touch with South Korea? What's doing? We are. You can imagine that after the message went out, the Koreans swiftly contacted me and contacted others again. Last summer we reached a framework agreement with Korea. We implemented our portion where we modified our tariff rates. They were at 25%. We moved down to 15% for Korea as a show of good faith. they have not executed their part. They haven't implemented it. They have a commitment to invest $350 billion in the United States over the next three years. (06:32–06:43)
CLAIM
Asserts that the US reduced tariffs from 25% to 15% for Korea as part of a trade agreement.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
