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Al Jazeera
Al Jazeera
Business
John Power

Trump announces trade deal with South Korea, setting tariff at 15 percent

Donald Trump South Korea Lee Jaemyung United States
US President Donald Trump listens at an event to promote a proposal to improve Americans' access to their medical records in the East Room of the White House, in Washington, DC, on July 30, 2025 [Mark Schiefelbein/AP Photo]

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 amid a blitz of trade-related announcements that also included new US duties on Brazil and India.

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