President Donald Trump announced a new trade deal with South Korea, which calls for 15% tariffs on goods from there.

The European Union and South Korea have pledged to buy billions of dollars’ worth of energy products under trade deals with the Trump administration, as the White House aims to capitalize on the role of the U.

President Donald Trump says the US will charge a 15% tariff on imports from South Korea, in what he called a "full and complete trade deal". It comes just a day before a 1 August deadline for countries to reach agreements with the US or be hit with higher tariffs. South Korea had been facing a 25% levy if it had not struck a deal.