US-South Korea Strike Trade Deal with 15% Tariff Rate

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JUL 31

Above: Vehicles for export at a port in Pyeongtaek, South Korea, on July 31, 2025. Image copyright: Shin Yong-Ju/AFP/Getty Images

story last updated JUL 31

The Spin

Pro-Trump narrative

This deal is a major victory for American workers and manufacturing. South Korea’s massive $350 billion investment commitment will create countless jobs and revive U.S. shipbuilding, while its $100 billion energy purchase boosts America’s domestic production. The 15% tariff will also ensure fair competition and protect American industries from unfair trade practices.

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Pro-South Korea narrative

Through this deal, South Korea has avoided the worst of the Trump administration’s proposed tariffs, settled exporting uncertainties for South Korean businesses, and enabled the entry of South Korean companies into the U.S. market. By dealing pragmatically, the government has secured an agreement that strengthens industry co-operation between South Korea and the U.S.

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