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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

Remembering the Solemn Purpose of Memorial Day

Memorial Day is a federal holiday in the United States observed on the last Monday in May to honor and mourn U.S. military personnel who died while serving in the armed forces. The holiday traces its roots to the years immediately following the American Civil War (1861–1865), which caused massive casualties—roughly 620,000 soldiers dead, about 2% of the U.S. population at the time. Communities across the North and South began spontaneously decorating the graves of fallen soldiers with flowers, wreaths, and flags, a practice that gave rise to the original name: Decoration Day. On May 5, 1868, Major General John A. Logan, commander-in-chief of the Grand Army of the Republic (GAR)—a powerful Union veterans’ organization—issued General Order No. 11. This proclaimed May 30, 1868, as a nationwide “Decoration Day” to honor those who died in the Civil War. After World War I, the holiday expanded to honor all American service members who died in any war, not just the Civil War.  In 1968, Congress passed the Uniform Monday Holiday Act to create more three-day weekends for federal employees. This moved Memorial Day to the last Monday in May, effective in 1971, when it was also officially named “Memorial Day.” As one 1868 quote put it: “That Nation which respects and honors its dead, shall ever be respected and honored itself.”