Steel Vows to Press Seoul on 350 Billion Dollar Pledge
Michelle Steel told a Senate hearing she will seek clarity on Seoul's $350 billion pledge. She also aims to improve market access for American companies.
Xurve View
Xurve View
Michelle Steel, the United States ambassador nominee to South Korea, vowed to press Seoul for details on its $350 billion investment pledge. The commitment follows a trade agreement where Seoul promised capital inflows in exchange for favorable tariff terms. Tensions have eased since Trump's January tariff threat, but investors face uncertainty as the nominee signaled potential renegotiations to address South Korea's $50 billion trade surplus.
