Trump tariffs live updates: Trump announces trade deal with South Korea featuring 15% tariff rate

President Trump on Wednesday announced a trade deal with South Korea. The agreement includes a 15% tariff rate on imports from the country, while the US will not be charged a tariff, according to Trump's post on Truth Social.

"South Korea will be completely OPEN TO TRADE with the United States," the president wrote, adding "they will accept American product including Cars and Trucks, Agriculture, etc."

Trump said that the deal also features a $350 billion investment from South Korea in the US as well as purchases of liquified natural gas and other energy products.

By Yahoo Finance

Full story at Yahoo News