US, South Korea Finalize Trade Deal Reducing Tariffs, Boosting American Investment

The deal will set American tariffs on Korean goods at 15 percent. South Korea is committed to investing $350 billion in the United States.

President Donald Trump is presented with the Grand Order of Mugunghwa and the Silla gold crown by South Korean President Lee Jae Myung at the Gyeongju National Museum in Gyeongju, South Korea, on Oct. 29, 2025. Andrew Harnik/Getty Images

The United States and South Korea finalized the terms of a major trade agreement on Oct. 29 as President Donald Trump headed toward the final hours of his Asian tour on the Korean Peninsula.

On Wednesday, South Korea finalized a bilateral trade agreement originally announced by Trump in July. The new deal will set American tariffs on Korean goods at 15 percent, and Seoul will invest $350 billion in the United States.