{"id":41001,"date":"2025-07-30T23:08:17","date_gmt":"2025-07-30T23:08:17","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/trump-announces-tariff-deal-with-south-korea-u-s-s-6th-biggest-trading-partner\/"},"modified":"2025-07-30T23:08:17","modified_gmt":"2025-07-30T23:08:17","slug":"trump-announces-tariff-deal-with-south-korea-u-s-s-6th-biggest-trading-partner","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/trump-announces-tariff-deal-with-south-korea-u-s-s-6th-biggest-trading-partner\/","title":{"rendered":"Trump announces tariff deal with South Korea \u2014 U.S.&#8217;s 6th-biggest trading partner"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     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class=\"lazyload embed__frame\" data-width=\"1920\" data-height=\"1080\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" id=\"trump-stands-firm-on-aug-1-tariff-deadline--hero\" title=\"Video: Trump stands firm on Aug. 1 tariff deadline\" data-sort-time=\"1753887979000\" data-update-time=\"1753887979000\"><\/iframe><\/p><\/div>\n<p>          <button class=\"player-overlay__button--icon-close__mobile\" data-target=\"\" aria-label=\"Close sticky player\"><br \/>\n        <svg class=\"player-overlay__button--icon\">\n          <use xlink:href=\"#player-icon-close\"\/>\n        <\/svg><br \/>\n      <\/button><\/p><\/div>\n<\/p><\/div><figcaption class=\"embed__caption-container\">\n                              <a href=\"https:\/\/www.cbsnews.com\/video\/trump-stands-firm-on-aug-1-tariff-deadline\/\" class=\"embed__headline-link\" data-invalid-url-rewritten-http=\"\"><\/p>\n<p>          <span class=\"embed__icon\"><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\">\n              <use xlink:href=\"#icon-video\"\/>\n            <\/svg><br \/>\n          <\/span><\/p>\n<p>          <span class=\"embed__headline\">Trump stands firm on Aug. 1 tariff deadline<\/span><\/p>\n<p>          <span class=\"embed__video-duration\">08:32<\/span><\/p>\n<p>                      <\/a><\/p>\n<\/figcaption><\/figure>\n<section class=\"content__body\">\n<p>President Trump announced Wednesday he has struck a trade deal with <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/south-koreans-vote-new-president-yoon-suk-yeol-martial-law-ouster\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">South Korea<\/a><\/span>, imposing a 15% tariff on goods from the country.<\/p>\n<p>Mr. Trump wrote on\u00a0<a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114944494894008041\" target=\"_blank\" rel=\"nofollow noopener\">Truth Social<\/a>\u00a0that South Korean goods will face a 15% tariff \u2014\u00a0<a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114812856757774700\" target=\"_blank\" rel=\"nofollow noopener\">lower than<\/a>\u00a0the 25% he threatened earlier this month \u2014 while U.S. imports to South Korea will not face tariffs. He said South Korea will be &#8220;OPEN TO TRADE&#8221; and will accept U.S. automobiles.<\/p>\n<p>South Korea appears to be the latest key U.S. trading partner to reach an agreement with the Trump administration, ahead of a <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-japan-korea-tariffs-august-1\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">Friday deadline<\/a><\/span> when Mr. Trump says he&#8217;ll impose hefty tariffs on dozens of countries.<\/p>\n<p>The South Korean government has not publicly confirmed the deal.<\/p>\n<p>The president <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-announces-japan-trade-deal-15-tariffs\/\" data-invalid-url-rewritten-http=\"\">announced a deal with Japan last week<\/a><\/span> and a deal with the 27-nation <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-european-union-trade-deal-reached-scotland\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">European Union<\/a><\/span> on Sunday. Deals are still outstanding with the U.S.&#8217;s three largest single trading partners: <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/canada-us-trade-talks-resuming-canadian-tax-plan-trump-blasted-canadian-pm-carney\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">Canada<\/a><\/span>, Mexico and <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/us-china-imports-june-tariffs\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">China<\/a><\/span>.<\/p>\n<p>In addition to the 15% tariff, Mr. Trump said South Korea agreed to &#8220;give to the United States $350 Billion Dollars for Investments owned and controlled by the United States, and selected by myself.&#8221; South Korea will also buy $100 million dollars&#8217; worth of liquified natural gas or other energy products, and will &#8220;invest a large sum of money for their investment purposes,&#8221; the president said.<\/p>\n<p>South Korea was the U.S.&#8217;s sixth-largest trading partner last year, not including multi-country blocs like the European Union, according to <a href=\"https:\/\/www.census.gov\/foreign-trade\/statistics\/highlights\/top\/top2412yr.html\" target=\"_blank\" rel=\"nofollow noopener\">Census Bureau<\/a> data. The U.S. imported $131.5 billion worth of South Korean goods, and South Korea bought $65.5 billion in American goods.<\/p>\n<p><em>This is a breaking story; it will be updated.<\/em><\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n        <\/aside>\n<p>    <!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/joe-walsh\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Joe  Walsh<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Joe Walsh is a senior editor for digital politics at CBS News. Joe previously covered breaking news for Forbes and local news in Boston.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/trump-south-korea-tariff-deal\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump stands firm on Aug. 1 tariff deadline Trump stands firm on Aug. 1 tariff deadline 08:32 President Trump announced<\/p>\n","protected":false},"author":1,"featured_media":41002,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[521,799],"class_list":["post-41001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","tag-south-korea","tag-tariffs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump announces tariff deal with South Korea \u2014 U.S.&#039;s 6th-biggest trading partner - World News<\/title>\n<meta name=\"description\" content=\"South Korea appears to be the latest key U.S. trading partner to reach an agreement with the Trump administration, ahead of a Friday deadline when hefty tariffs take effect.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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