Source: International Business Times
US President Donald Trump offered his congratulations to South Korean President Lee Jae Myung on his 'electoral success' in his announcement of South Korea's blanket 15 percent tariffs AFP President Donald Trump said Wednesday that the United States will impose a 15 percent tariff on imports from South Korea, as he touted a "full and complete trade deal" between both countries. "South Korea will give to the United States $350 Billion Dollars for Investments," Trump said in a post on his Truth Social platform, adding that the country would buy $100 billion in liquefied natural gas or other energy products. The 15 percent rate is below a 25 percent rate that Trump had threatened earlier, and was equivalent to levies determined from US trade deals with Japan and the European Union.
