Trump announces 'full and complete' trade agreement with South Korea

U.S. President Donald Trump on Wednesday announced that Washington has reached a "full and complete" trade deal with South Korea, setting 15 percent tariffs on its exports.

Trump said in a post on his Truth Social platform that South Korea has agreed to invest 350 billion U.S. dollars in projects "owned and controlled by the United States," and selected by Trump himself.

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Trump announces 'full and complete' trade agreement with South Korea

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Trump announces 'full and complete' trade agreement with South Korea

According to Trump, South Korea will also purchase 100 billion U.S. dollars of liquefied natural gas or other energy products from the United States, along with an additional unspecified "large sum of money," of which the number will be announced within the next two weeks when South Korean President Lee Jae-myung visits the White House for a bilateral meeting.

The announcement came shortly after Trump stressed he would not extend the Aug. 1 deadline for imposing "reciprocal" tariffs on countries that fail to reach trade deals with his administration.

In early July, Trump extended the deadline to Aug. 1 following a 90-day pause on higher tariff rates, just two days before the original July 9 expiration date.

He sent letters to more than two dozen world leaders outlining country-specific tariffs set to take effect unless the targeted nations reach a trade deal with the United States. The measures include a 50 percent tariff on Brazil, 35 percent on Canada, 30 percent on the EU and Mexico, and 25 percent on Japan and South Korea. Each of the targeted countries ranks among the top exporters to the United States.

The death toll in the war-ravaged Gaza Strip has risen to 71,441 since the conflict between Hamas and Israel erupted on Oct 7, 2023, with the number of injuries reaching 171,329, said Gaza's health authorities on Thursday.

In the past 24 hours, hospitals in Gaza received two bodies, according to the health authorities.

Since the ceasefire agreement took effect on Oct 11, 2025, Israeli attacks have killed 451 people and wounded 1,251 others in the Gaza Strip.