📝 usncan Note: U.S. Reaches 15% Tariff Deal With South Korea, Trump Says
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Topline
The U.S. and South Korea agreed to a trade deal Wednesday that will enforce a 15% tariff rate on the U.S. ally that is one of the country’s top trade partners, President Donald Trump said, striking the agreement ahead of an Aug. 1 deadline Trump has set for trading partners worldwide to agree to tariff deals.
Trump announced the deal Wednesday evening. (Photo by JIM WATSON/AFP via Getty Images)
AFP via Getty Images
Key Facts
Trump said South Korea agreed to a tariff of 15% and that the U.S. would not receive any tariffs in response.
This is a developing story. Check back for updates.
