South Korea pledged to invest $350 billion in the U.S., as well as to lower tariff barriers, as part of the deal.

President Donald Trump said he had reached a trade deal with South Korea that would impose a 15% tariff on its exports to the US and see Seoul agree to $350 billion in US investments.

(Reuters) -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.S. energy products, Trump said on Truth Social.