Trump Announces Trade Deal With South Korea

The United States will impose a 15 percent tariff on South Korean goods, while U.S. goods won’t be subject to South Korean tariffs.

U.S. President Donald Trump gestures as he meets with British Prime Minister Keir Starmer at the Trump Turnberry golf resort in Turnberry, Scotland, on July 28, 2025. Andrew Harnik/Getty Images

President Donald Trump announced on July 30 that the United States had reached a trade agreement with South Korea, one of the largest U.S. trading partners in a strategically important region.

“I am pleased to announce that the United States of America has agreed to a Full and Complete Trade Deal with the Republic of Korea,” Trump wrote in a post on Truth Social.