U.S. agrees to impose 15 pct tariffs on S. Korea

U.S. agrees to impose 15 pct tariffs on S. Korea

Kim Yong-bum, the presidential chief of staff for policy, gestures to a reporter during a press briefing at the presidential office in Seoul on July 31, 2025, following reports that U.S. President Donald Trump's administration has agreed to lower "reciprocal" tariffs on South Korea to 15 percent from the proposed 25 percent in return for massive investments and market opening, and hold a summit with President Lee Jae Myung at the White House in two weeks. (Yonhap)

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