President Trump announced a trade deal with South Korea on Wednesday, putting 15 percent tariffs on South Korean goods, much higher than they were just a few months ago but lower than Mr. Trump had threatened.

(Reuters) -The United States has agreed a trade deal with South Korea that will subject South Korean imports to a 15% tariff rate, President Donald Trump said on Wednesday. South Korea will also invest $350 billion in the United States and purchase $100 billion in U.S. energy products, Trump said on Truth Social.