15% Tariff Deal Avoids Higher Rate: The U.S. will implement a 15% tariff on South Korean imports, sidestepping a potential 25% tariff that would have come into effect on August 1 without an agreement.
Comprehensive Trade Agreement Announced: Trump announced a “full and complete” trade agreement with South Korea in a statement on Truth Social.Post in this from earlier: Trump announces a trade deal with South Korea
$350 Billion Investment Commitment: South Korea has pledged $350 billion in investments for U.S.-based projects, which will be chosen directly by President Trump.
Energy Import Agreement: As part of the deal, South Korea will purchase $100 billion in U.S. energy products, including liquefied natural gas.
Duty-Free Access for U.S. Goods: American exports—such as vehicles, agricultural products, and other goods—will enter South Korea tariff-free under the agreement.
Bilateral Meeting Scheduled: South Korean President Lee Jae Myung is expected to visit the White House within two weeks for talks with President Trump.
