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Donald Trump announces 15% tariff on South Korean goods

The president said the trade deal would include hundreds of billions of dollars in US investment

Donald Trump announced a trade deal with South Korea on Wednesday that would impose tariffs of 15 per cent on the country’s goods.

South Korea in exchange would “give to the United States $350 Billion Dollars for Investments owned and controlled by the United States, and selected by myself, as President”, Trump wrote on Truth Social. 

The US president said the Asian country would also commit to buying $100bn of US energy and “invest a large sum of money” in the US. 

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