President Trump announced a “Full and Complete Trade Deal” with South Korea.
“The Deal is that South Korea will give to the United States $350 Billion Dollars for Investments owned and controlled by the United States, and selected by myself, as President. Additionally, South Korea will purchase $100 Billion Dollars of LNG, or other Energy products and, further, South Korea has agreed to invest a large sum of money for their Investment purposes,” Trump said.
“It is also agreed that South Korea will be completely OPEN TO TRADE with the United States, and that they will accept American product including Cars and Trucks, Agriculture, etc. We have agreed to a Tariff for South Korea of 15%. America will not be charged a Tariff,” he added.
🚨 BREAKING: President Trump announced he has reached a trade deal with South Korea
It’s INCREDIBLE how he pulls these off!
✅ 15% tariff on Korean goods imported to U.S.
✅ ZERO tariffs on U.S. goods imported to South Korea
✅ South Korea will give $350 BILLION for investments… pic.twitter.com/YpwFZtjHq8— Nick Sortor (@nicksortor) July 30, 2025
Read the full announcement:
More from the New York Post:
South Korea faced 25% tariffs on its exports to the US as part of Trump’s “Liberation Day” package that was announced April 2, but later delayed for 90 days.
ADVERTISEMENTThe president reupped his threat in a letter to Lee July 7 – one of several sent to world leaders threatening tariffs.
In the note, Trump warned that the major car and electronics-exporting nation would be hit with the levy in order to “eliminate the Trade Deficit disparity we have with your Country.”
The president had set an Aug. 1 deadline for countries to agree to one-for-one trade deals with Washington or face potentially steep reciprocal tariffs.
Fox News shared a news alert following Trump’s announcement:
Oh man. At this point I almost feel sorry for the Democrats. President Trump has made a new major trade deal with South Korea.
How can Democrats continue to rail against this unless they want to show America that they just hate our country? pic.twitter.com/5XQMvyeAh3
— Bill Mitchell (@mitchellvii) July 30, 2025
CNN noted:
Like Japan, cars from South Korea shipped to the US will face lower tariffs of 15%, Commerce Secretary Howard Lutnick said in a Wednesday post on X. “They will also not be treated any worse than any other country on semiconductors and pharmaceuticals. Steel, aluminum, and copper are not included and remain unchanged,” he added.
South Korea is the United States’ seventh-greatest source of imports. Last year it shipped $132 billion worth of goods to the US, according to Commerce Department data. In addition to cars and car parts, semiconductors and electronics were among the top goods Americans bought from there.
Meanwhile, the US exported $66 billion worth of goods to South Korea last year. Oil and gas, as well as industrial machinery, were the top two exports.
The United States and South Korea have had numerous free trade agreements over the past two decades, which have been renegotiated on several occasions, including during the first Trump administration.
