President Donald Trump within the White Home, on July 30, 2025, in Washington.
| Picture Credit score: AP
President Donald Trump stated on Wednesday (July 30, 2025) america would cost a 15% tariff on imports from South Korea as a part of an settlement with the Asian buying and selling associate that avoids even increased levies.
“I’m happy to announce that america of America has agreed to a Full and Full Commerce Cope with the Republic of Korea,” Mr. Trump stated on Fact Social.
The South Korean authorities couldn’t instantly be reached for remark. Reuters has not verified the phrases of a deal.
As a part of the association, South Korea would make investments $350 billion in america in initiatives chosen by Mr. Trump and buy $100 billion of liquefied pure gasoline and different vitality merchandise, the U.S. President stated.
It was not instantly clear how the funding offers could be structured or over what timeframe. Trump stated further investments could be introduced later.
South Korean President Lee Jae Myung will go to the White Home “inside the subsequent two weeks” for a gathering with Mr. Trump, the U.S. President added.
Mr. Trump additionally stated South Korea would settle for American merchandise, together with vehicles, vehicles and agriculture into its markets and impose no import duties on them.
Revealed – July 31, 2025 05:10 am IST
