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.

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

South Korea and the United States said they reached a deal that would set U.S. tariffs on most South Korean goods at 15% in return for $350 billion in investment in the U.S.