Under the proposed agreement, imports from South Korea would be subject to a 15% tariff while U.S.-originating goods would be exempt from duties.
The U.S. has struck a “Full and Complete Trade Deal” with South Korea, President Donald Trump said in a Wednesday Truth Social post.
If finalized, the U.S. would charge a 15% tariff on imports from South Korea, per Trump. U.S. goods imported to Korea, meanwhile, would not be subject to any tariffs.
Earlier this month, Trump shared a letter on X stating imports from South Korea would face a 25% tariff starting Aug. 1, when his previously announced country-specific reciprocal tariffs are slated to return.
Continue reading HERE
Source: https://www.manufacturingdive.com/news/us-south-korea-tariff-deal-15-percent-trump/756421/
[Disclaimer]
