South Korea’s trade deal with Trump could sink its currency and trigger a financial crisis

(Credit: Chip Somodevilla—Getty Images)

President Donald Trump’s demand that Seoul hand over $350 billion in cash could devastate South Korea’s financial markets and economy.

In July, Korea agreed to invest $350 billion in the U.S., in exchange for Washington setting a 15% tariff rate. But not all the details were spelled out at the time, and both sides have been in negotiations to finalize the deal, with tensions ramping up lately.