Trump Strikes Trade Deal with South Korea

“President Donald Trump said Wednesday he had reached a trade deal with South Korea ahead of a self-imposed Aug. 1 deadline before broad new taxes on imports kick in, though he also cast doubt on striking a deal with India, another of the United States’ largest trading partners,” the Washington Post reports.

“Trump wrote that South Korean imports will face a 15 percent tariff rate instead and that the country will invest $350 billion in the U.S., directed by the White House, plus purchase $100 billion in American energy.”