The US and South Korea finalized a trade agreement averting a 25% tariff on Korean goods. The deal includes a 15% tariff on imports like autos, and a significant South Korean investment of $350 billion in US energy and shipbuilding. The agreement, announced by President Trump, secures a major trade partner within the US's new trade framework. The South Korean won weakened slightly following the announcement.

Prepared by Christopher Adams and reviewed by editorial team.