President Donald Trump on Wednesday announced a trade deal with South Korea. The deal includes a 15% tariff on goods made in South Korea. Trump had previously placed a 25% tariff on South Korean goods.

U.S. President Donald Trump said on July 30 that the U.S. and South Korea had reached a trade agreement, and that planned tariffs set to begin Aug. 1 would be reduced from 25% to 15%.Trump made the announcement on his social media platform Truth Social after meeting with South Korean officials visiting Washington,

This deal would mean the duties will be lowered from the 25% that Trump had threatened in his "tariff letter" to Seoul earlier this month.