U.S. President Donald Trump announced a new trade agreement with South Korea on Wednesday via a post on Truth Social. The landmark deal includes:

Key Economic Provisions

1. Tariff Structure

   • U.S. Imposition: 15% tariffs on South Korean imports

   • Korean Concession: Zero tariffs on U.S. exports

2. Investment Commitments ($350 Billion)

   • South Korea will fund U.S.-owned and managed investments selected personally by President Trump

3. Energy Purchases ($100 Billion)

   • Korean procurement of U.S. LNG and other energy products

4. Additional Pending Investment

   • A major undisclosed investment to be announced during South Korean President Lee Jae-myung’s White House visit in the coming weeks

5. Market Access Guarantees

   • Full openness to U.S. trade, including automobiles, trucks, agricultural products, and other goods

Statements from President Trump

*"I’m pleased to announce that the United States has secured a complete and comprehensive trade agreement with the Republic of Korea—one that ensures $350 billion in U.S.-controlled investments and $100 billion in energy purchases."*

"South Korea has also agreed to fully welcome American products, creating unprecedented opportunities for our manufacturers and farmers."