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Trump Announces ‘Full and Complete Trade Deal’ with South Korea

The announcement comes days after Trump secureda major trade deal with the European Union that lowered tariff rates to 15% in exchange for investments in U.S. energy and other goods. Trump’s deal with South Korea is similar in that it lowers the tariff on the country from 25% to 15%, and includes investment in U.S. energy.  South Korea will purchase $100 Billion Dollars of LNG, or other Energy products and, further, South Korea has agreed to invest a large sum of money for their Investment purposes. “All of this will help reduce our Trade Deficit in a very major way” Trump said. Trump announces ‘full and complete trade deal’ with South Korea | Just The News

U.S. Reaches Trade Deal with Europe

The European Union and the United States agreed on Sunday to a broad-brush trade deal that sets a 15 percent tariff on most goods, including cars. In addition:

  • The European Union had agreed to purchase $750 billion of American energy
  • EU to increase its investment in the United States by more than $600 billion above current levels.
  • EU would buy military equipment
  • No tariffs would be imposed on some goods.

The agreement will “rebalance, but enable trade on both sides,” Ursula von der Leyen, the president of the European Commission said. The European Union last year accounted for nearly $610 billion of the $3.3 trillion in goods imported by the United States.

U.S. Reaches Trade Deal With Europe – The New York Times

Name, Image Likeness (NIL) – NIL legislation has transformed the college sports landscape. The Supreme Court, NCAA, and student-athletes all played a role in the new compensation rules. NCAA long argued that amateurs are understood as those who do not profit off of their athletic performance and college sports fans and consumers demanded amateur play on the collegiate level. That argument was denied by the Supreme Court. Student-athletes can now be paid for their autograph, developing their own merchandise, promoting products or services, and event appearances due to their personal celebrity. Now, athletes are starting their own brands, endorsing brands, and becoming their own brands. While the Supreme Court and NCAA passed Name, Image, and Likeness into affect, schools still have their own specificities around the new rule. One of the most important hurdles for student-athletes now is to use these guidelines properly. That is to say athletes must understand how the state they play in or school they attend may affect the way they can utilize now-legal NIL rules. Rules on school logo restrictions, what products may or may not be sponsored, as well as other guidelines, differ from state and school. Athletes are also expected to inform universities of NIL deals and contracts they decide to engage in. Social media and personal branding are now more important than ever. And this is just the beginning.