President Donald Trump said he had reached a trade deal with South Korea that would impose a 15% tariff on its exports to the US and see Seoul agree to $350 billion in US investments.

South Korea pledged to invest $350 billion in the U.S., as well as to lower tariff barriers, as part of the deal.

President Donald Trump says the US will charge a 15% tariff on imports from South Korea as part of an agreement with the Asian trading partner that avoids even higher levies.