Trump announces trade deal with South Korea, setting tariff at 15 percent | International Trade News

South Korean leader says agreement eliminates ‘uncertainties’ in trade environment.

United States President Donald Trump has announced a trade deal with South Korea, the latest agreement unveiled ahead of his August 1 deadline for the imposition of steep tariffs on dozens of countries.

Under the “full and complete” trade deal, South Korean goods will be subject to a 15 percent tariff, while US exports will not face duties, Trump said on his Truth Social platform on Wednesday.

South…