The US reached a trade agreement with South Korea that will impose a 15% tariff on imports, including autos, and sets up major investment in American energy and shipbuilding.

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.

President Trump said he reached a trade deal with South Korea that would impose a 15 percent tariff on its exports to the United States. He also announced that the United States will impose a 25 percent tariff on goods from India.