The US reached a trade agreement with South Korea that will impose a 15% tariff on imports, including autos, and sets up major investment in American energy and shipbuilding.

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.

Trump has announced a new trade agreement with South Korea, calling it a “full and complete” deal that lowers tariffs on imports from the country to 15 per cent.