South Korea-US trade deal: Seoul says can’t ‘pay $350 bn in cash’; seeks alternative solution - The Times of India

South Korea-US trade deal: Seoul says can’t ‘pay $350 bn in cash’; seeks alternative solution - The Times of India

South Korea has rejected President Trump's assertion that it will provide $350 billion in upfront cash for a tariff reduction deal, clarifying the funds were pledged as loans and guarantees. Seoul's officials warned that such a massive cash outflow would trigger a financial crisis, despite its reserves.