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Trump announces trade deal with South Korea, setting tariffs at 15%

File picture: US President Donald Trump refers to a joint press convention in South Korea.

AFP shareholder | AFP | Gety footage

US President Donald Trump introduced on Wednesday that Washington had reached a “full and full” business cope with Seoul, and put a battle tariff on the nation’s exports to us by 15 %.

Trump additionally stated in a submit on the social media platform that South Korea “will present the US 350 billion {dollars} for its investments and management by the US, and its alternative earlier than, as president.”

South Korean President Lee Jay Meong stated in a Fb submit that his nation had concluded the tariff negotiations with the US after “amassing numerous opinions and bettering our methods,” in accordance with Google’s translation of his assertion in Korean.

He instructed me that the fund of $ 350 billion “will play a task in facilitating the lively entry of Korean firms to the American market within the industries the place we’ve strengths, resembling shipbuilding, semi -conductors, secondary batteries, biotechnology, and power.”

That is pressing information. Please examine once more for updates.

2025-07-30 23:15:00

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