Tariffs: Trump announces deal to impose 15% levy on South Korea
As part of the arrangement, South Korea would invest $350bn (£264.1bn) in the US for projects selected by Trump and buy $100bn of liquefied natural gas and other energy products, Trump said.Trump also said South Korea would accept American products, including cars, trucks and agriculture into its markets and impose no import duties on them.Lee Jae Myung would visit the White House "within the next two weeks" for a meeting with Trump, the US president added.Since returning to office in January, Trump has introduced a series of import taxes on goods from other countries, and threatened many more.He argues that these tariffs will boost American manufacturing and protect jobs.However, his volatile international trade policy has thrown the world economy into chaos, and critics have warned that the tariffs are making products more expensive for US consumers.
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