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24.08.2025 01:00:00

Why South Korea’s Pledge to Buy More US Oil May Be Mission Impossible

South Korea, one of America’s top-10 trading partners, has become one of the most high-profile targets of Washington’s shifting tariff regime. After months of tug-of-war diplomacy, the United States imposed a 15% duty on Korean imports effective August 7 – less severe than the 25% levy initially floated but still painful for Asia’s fourth-largest economy. In exchange, Seoul agreed to ramp up investment in US projects and pledged to purchase $100 billion worth of American energy products, a deal that was meant to soften the…Weiter zum vollständigen Artikel bei OilPrice.com

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