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U.S. President Donald Trump has declared that a 15 percent tariff will be imposed on goods imported from South Korea, as part of what he described as a “full and complete trade deal” between the two nations.
In a statement posted Wednesday on his Truth Social platform, Trump said the agreement would see South Korea invest $350 billion in the United States, including a $100 billion commitment to purchase liquefied natural gas or other American energy exports.
The newly announced tariff rate is lower than the 25 percent duty Trump had previously threatened to apply. He also claimed South Korea would provide an additional, unspecified “large sum of money” in investment.
Since returning to office in January, Trump has revived a hardline trade agenda, implementing a broad 10 percent tariff on imports from both allies and rivals. These tariffs are set to rise across multiple countries beginning August 1, alongside higher duties on steel, aluminum, and automobiles.
