The United States has agreed a trade deal with South Korea that will subject South Korean imports to a 15% tariff rate, President Donald Trump said on Wednesday. South Korea will also invest $350 billion in the United States and purchase $100 billion in U.

With the US tariff deadline looming, an India-US trade deal appears unlikely, though a last-minute breakthrough remains possible. Trump has hinted at tariffs of 20-25% on Indian goods, while India anticipates these as a temporary measure during ongoing negotiations.

P resident Donald Trump on Wednesday said he would be meeting with South Korean officials later today to hear their offer to “buy down” the 25% tariff rate the administration has set.Trump has shown a willingness to lower tariffs in return for commitments to invest in or buy U.