New U.S.-South Korea Trade Deal: A $450 Billion Partnership

President Donald Trump declared on Wednesday that the United States will implement a 15% tariff on imports from South Korea as a component of a groundbreaking trade agreement. This arrangement is designed to stave off even steeper tariffs.

While South Korea's government has yet to comment on this development, President Trump conveyed that Asia's fourth-largest economy plans to invest a staggering $350 billion in the United States. Additionally, Seoul will buy $100 billion worth of liquefied natural gas and other energy resources, further boosting U.S. energy sectors.

The precise structure and timeline for these investments remain unspecified. However, Trump noted that South Korean President Lee Jae Myung is expected to visit the White House within two weeks, suggesting further announcements on this partnership are imminent.

(With inputs from agencies.)