President Donald Trump announced another in a series of recent trade deals, this time with the Republic of South Korea. He says the deal amounts to an investment of $350 billion in U.S. goods, which includes agricultural products. South Korea will also purchase an additional $100 billion in liquefied natural gas and other energy products. The President says U.S. goods will be traded with South Korea at a zero-tariff rate, while South Korea will pay a 15 percent tariff on U.S. goods. “South Korea is one of our longest-established trading partners, so the Council is happy to see the administration show a commitment to building on those years of mutual respect and trade with the negotiation of this newest trade deal,” says U.S. Grains Council CEO Ryan LeGrand. “Korea was our fifth-largest trading partner in grains in all forms, with sales totaling $4.07 billion in the 2023-2024 marketing year.
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