<p>Gyeongju. South Korea: US President Donald Trump said on Wednesday a trade deal had been struck with South Korea, in remarks that sent the won up against the dollar, as a compact promises to dispel uncertainty for the trade-reliant economy.</p><p>"We did, we did. We did reach a deal," Trump said in response to a query on whether a deal was struck, ahead of a dinner hosted by South Korean President Lee Jae Myung.</p><p>"We made our deal, pretty much finalised it," he added later, without giving details.</p><p>The won was up 0.54 per cent against the dollar by 10:01 GMT on the news.</p>.Trump says he did not come to South Korea to see Canada.<p>In the absence of a deal, South Korean makers of cars and steel must pay US tariffs of 25 per cent rather than the 15 per cent agreed in July, putting them at a disadvantage to Japanese competitors who pay 15 per cent after Tokyo's deal with the United States.</p><p>The Trump-Lee summit came during the US president's three-nation Asia tour that started in Malaysia with a meeting of the Association of Southeast Asian Nations.</p><p>South Korean officials said both countries remain "sharply" divided over the cash portion of a $350-billion investment package, as Seoul has sought to reduce it by boosting the share of loans and loan guarantees.</p>
<p>Gyeongju. South Korea: US President Donald Trump said on Wednesday a trade deal had been struck with South Korea, in remarks that sent the won up against the dollar, as a compact promises to dispel uncertainty for the trade-reliant economy.</p><p>"We did, we did. We did reach a deal," Trump said in response to a query on whether a deal was struck, ahead of a dinner hosted by South Korean President Lee Jae Myung.</p><p>"We made our deal, pretty much finalised it," he added later, without giving details.</p><p>The won was up 0.54 per cent against the dollar by 10:01 GMT on the news.</p>.Trump says he did not come to South Korea to see Canada.<p>In the absence of a deal, South Korean makers of cars and steel must pay US tariffs of 25 per cent rather than the 15 per cent agreed in July, putting them at a disadvantage to Japanese competitors who pay 15 per cent after Tokyo's deal with the United States.</p><p>The Trump-Lee summit came during the US president's three-nation Asia tour that started in Malaysia with a meeting of the Association of Southeast Asian Nations.</p><p>South Korean officials said both countries remain "sharply" divided over the cash portion of a $350-billion investment package, as Seoul has sought to reduce it by boosting the share of loans and loan guarantees.</p>