U.S. President Donald Trump said on Wednesday the U.S. would charge a 15% tariff on imports from South Korea as part of an agreement to avoid even higher levies. The deal includes a South Korean investment of $350 billion in the U.

President Donald Trump announced a new trade deal with South Korea, which calls for 15% tariffs on goods from there.

SEOUL (Reuters) -South Korean Finance Minister Koo Yun-cheol said on Tuesday he would seek a mutually beneficial trade deal when he meets U.S. Treasury Secretary Scott Bessent for talks this week, just days before an August 1 deadline expires to avoid punishing tariffs.