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South Korea Says It Has No Written Pact on US Trade Deal

The US will impose a 15 per cent tariff on South Korean imports, US President Donald Trump said. Read more at straitstimes.com.

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South Korea Says It Has No Written Pact on US Trade Deal

·New York, United States
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The United States and South Korea recently reached a trade agreement, imposing a 15% tariff on South Korean products. South Korea, in turn, has invested $350 billion in the US. South Korean President Lee Jae-myung stated that $150 billion of this investment will be earmarked for shipbuilding. Experts believe this was a welcome surprise for the US, demonstrating that Trump's strategy of using tariffs as a lever to encourage investment in the US i…

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The Straits Times broke the news in Singapore on Friday, August 1, 2025.
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