U.S. Imposes 15% Tariffs in $350B South Korea Trade Deal

President Donald Trump announced a comprehensive trade deal between the United States and South Korea, setting tariffs on South Korean goods entering the U.S. at 15%, down from the previous 25%. Under this agreement, South Korea will invest $350 billion in U.S. projects and commit to purchasing $100 billion worth of energy products, while also opening its market to American goods including cars, trucks, and agricultural products. The deal aims to level the playing field and ensure fair treatment for American industries, with South Korean leaders and major corporations like Hyundai and Samsung expressing optimism about the agreement's benefits and economic opportunities. Trump highlighted ongoing trade negotiations with other countries, including India and Pakistan, where the U.S. is partnering to develop oil reserves. The White House framed the deal as a significant win ahead of tariff deadlines, emphasizing its role in strengthening bilateral trade relations. Despite the positive outlook, experts note that the detailed terms of the agreement will be crucial in understanding its full impact.