Social media posts have recirculated an old video of US President Donald Trump and falsely presented it as depicting him calling South Korean leader Lee Jae Myung a "bad negotiator" after their countries agreed a trade deal.

President Trump announced a trade deal with South Korea as his Aug. 1 tariff deadline approaches. This comes as he comments on Federal Reserve Chair Jerome Powell's latest decision on interest rates.

The European Union and South Korea have pledged to buy billions of dollars’ worth of energy products under trade deals with the Trump administration, as the White House aims to capitalize on the role of the U.