US, South Korea add currency side deal to KORUS pact - Reuters
|According to reporting by Reuters, the US and South Korea have added a side deal to the KORUS update pact that the countries plan to sign into action at some point in the near future, though the exact details have not been released yet.
Key details (source: Reuters)
Further details are leaking out about the updated US-South Korea trade pact, KORUS, and the two countries have agreed to a side deal that intends to curb competitive devaluation from South Korea against the Greenback, on top of the permanent exemptions from Trump's steel tariffs and a rebalancing of automotive tariffs from both sides, and a pricing program for selected pharmaceutical products.
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