President Donald Trump announced a new trade deal with South Korea, which calls for 15% tariffs on goods from there. “The Deal is that South Korea will give to the United States $350 Billion Dollars for Investments owned and controlled by the United States,

U.S. President Donald Trump on Wednesday announced that Washington had reached a "Full and Complete" trade deal with Seoul, setting blanket tariffs on the country's exports to U.S. at 15%. Trump also said in a post on social media platform Truth Social that South Korea will "will give to the United States $350 Billion Dollars for Investments owned and controlled by the United States,

The agreement comes after other American allies, like Japan, clinched their own deals to partly moderate President Trump’s tariff threats.