U.S.-Korea Joint Fact Sheet, Strategic Trade and Investment Deal Confirmed at Gyeongju Summit

On November 14, 2025, the White House and the Republic of Korea jointly issued a Fact Sheet formalizing the U.S.-Korea Strategic Trade and Investment Deal first announced in July 2025 and reaffirmed at the October 29, 2025 Trump-Lee Jae-myung State Visit summit in Gyeongju, Korea. Under the deal the United States applies the higher of the KORUS FTA rate or U.S. MFN rate, capped at 15 percent reciprocal tariff on...