South Korea cannot pay $350 billion in cash to the United States. (File Photo)

South Korea cannot pay $350 billion in cash to the United States (US) under a tariff deal proposed by President Donald Trump and is looking for an alternative, a top presidential aide said on Saturday.

The two countries reached a handshake agreement in July to cut US tariffs on South Korean goods to 15 per cent from 25 per cent. At the time, Seoul pledged $350 billion in investment for US projects, saying the funds would come through loans, loan guarantees, and equity.

Trump, however, said this week that South Korea would provide the money “upfront.”

South Korea’s National Security Adviser Wi Sung-lac told Channel A News: “The position we’re talking about is not a negotiating tactic, but rather, it is object

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