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

President Donald Trump on Wednesday night announced the United States has reached a "full and complete trade deal" with South Korea, just hours after he met with officials to discuss an offer that would lower the tariff rate on imports.

The announcement comes days after Trump secured a major trade deal with the European Union that lowered tariff rates to 15% in exchange for investments in U.S. energy and other goods.

Trump's deal with South Korea is similar in that it lowers the tariff on the country from 25% to 15%, and includes investment in U.S. energy. 

"The deal is that South Korea will give the United States $350 Billion Dollars for Investments owned and controlled by the United States, and selected by myself, as President," Trump posted on Truth Social. "Additionally, South Korea will purchase $100 Billion Dollars of LNG, or other Energy products and, further, South Korea has agreed to invest a large sum of money for their Investment purposes."

The deal is expected to be finalized when South Korean President Lee Jae Myung visits the White House for a meeting within the next two weeks.

"It is also agreed that South Korea will be completely OPEN TO TRADE with the United States, and that they will accept American products including Cars and Trucks, Agriculture, etc," Trump said. "We have agreed to a Tariff for South Korea of 15%. America will not be charged a tariff."

The president also teased earlier Wednesday that other nations have made offers to secure a reduction in tariff rates.

"All of this will help reduce our Trade Deficit in a very major way. A full report will be released at the appropriate time. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!" he concluded in the post.

Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.