Trump says trade deal agreed with South Korea at 15% tariff rate

FILE PHOTO: A 3D-printed miniature model of U.S. President Donald Trump and the South Korea flag are seen in this illustration taken July 23, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -The United States has agreed a trade deal with South Korea that will subject South Korean imports to a 15% tariff rate, President Donald Trump said on Wednesday.

South Korea will also invest $350 billion in the United States and purchase $100 billion in U.S. energy products, Trump said on Truth Social.

"It is also agreed that South Korea will be completely OPEN TO TRADE with the United States, and that they will accept American product including Cars and Trucks, Agriculture, etc," Trump added.

(Reporting by Bhargav Acharya and Ismail Shakil)