The deal would lead to a reduced 15% reciprocal tariff on South Korea, which has pledged to buy $100 billion worth of US LNG and other energy products.

South Korea will also invest $350 billion in the United States and purchase $100 billion in U.S. energy products, Trump said.

President says investment plans to be announced at upcoming Washington summit

The deal, announced by Trump, includes South Korean pledges for US agriculture, cars and US$100 billion in energy purchases.

The deal, announced by Trump, includes South Korean pledges for US agriculture, cars and US$100 billion in energy purchases.

The agreement comes just a day before a 1 August deadline for countries to strike deals with the US or be hit with higher tariffs.

President Lee Jae Myung says deal puts South Korea on an equal or better footing than other countries

U.S. President Donald Trump announced Wednesday that the United States will impose a 15% tariff on South Korean goods in a deal made just ahead of an Aug. 1 deadline.

The deal would lead to a reduced 15% reciprocal tariff on South Korea, which has pledged to buy $100 billion worth of US LNG and other energy products.