GYEONGJU, SOUTH KOREA - OCTOBER 30: A person walks in a corridor of a traditional market of Gyeongju, South Korea on October 30, 2025. South Korea’s agreement to invest USD 350 billion in the United States marks the final step in securing a 15 percent tariff rate on Korean auto and auto-part exports. Announced after a meeting between President Donald Trump and President Lee Jae Myung on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju. An official memorandum of understanding is expected in the near future, revealing more about the implementation timeline for investments, and the scope of Korea’s agricultural market access, among other details. Leaders and delegates from 21 APEC economies are gathering in South Korea for the upcoming APEC summit, where talks are expected to center on trade, supply chain stability, and technology cooperation. (Photo by Woohae Cho/Getty Images)