Overview

• The United States will impose a uniform 15% tariff on South Korean imports effective August 1, replacing threatened 25% duties and lifting all U.S. retaliatory levies on Korean goods.
• Seoul has pledged $350 billion in investments in U.S.-owned assets chosen by President Trump, including a $150 billion shipbuilding cooperation fund and $200 billion for semiconductors, batteries, biotech and energy sectors.
• South Korea will purchase $100 billion of U.S. liquefied natural gas and other energy products to deepen bilateral energy ties.
• Existing 50% sectoral tariffs on steel, aluminum and copper will remain unchanged, and the deal does not include new concessions on agricultural market access, technology regulation, defense cost sharing or currency terms.
• Washington and Seoul have launched detailed implementation and technical consultations in Washington to finalize terms before the new tariff framework takes effect.