US EditionTrump says trade deal agreed with South Korea at 15% tariff rate
- On Wednesday, President Donald Trump revealed an agreement with South Korea that introduces a 15% tariff on imports from the country to the United States.
- The tariff change follows earlier threats of a 25% tariff and is part of renegotiations responding to what Trump described as unfair trade practices.
- The deal excludes steel, aluminum, and copper tariffs, keeps U.S. exports to South Korea tariff-free, and includes South Korea opening markets to U.S. vehicles and agricultural goods.
- Trump stated South Korea will invest $350 billion in U.S.-owned and controlled investments selected by him and purchase $100 billion worth of American energy products.
- This agreement could ease tensions after South Korea’s recent economic contraction and aligns with similar deals recently reached with Japan and the European Union.
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US President Trump has announced further decisions on his internationally controversial trade policy.
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Coverage Details
Total News Sources44
Leaning Left9Leaning Right11Center14Last UpdatedBias Distribution41% Center
Bias Distribution
- 41% of the sources are Center
41% Center
L 26%
C 41%
R 32%
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