President Trump announced a new trade deal with South Korea imposing a 15% tariff on its goods. This follows a brief period of 25% tariffs in April. The deal secures $350 billion in US investments from South Korea. This tariff, while lower than the previously threatened 25%, is still higher than the 10% minimum in place since April. Similar 15% tariffs will be imposed on goods from the EU and Japan. The move impacts South Korea's economy, which saw its first negative GDP growth in four years. This situation reflects a broader dilemma for America's trading partners: comply with Trump's demands or face higher tariffs.

Prepared by Rachel Morgan and reviewed by editorial team.