The US trade deal with South Korea features a similar investment that was pledged by Japan in a successful bid to lower its threatened tariffs.

U.S. President Donald Trump said on July 30 that the U.S. and South Korea had reached a trade agreement, and that planned tariffs set to begin Aug. 1 would be reduced from 25% to 15%.Trump made the announcement on his social media platform Truth Social after meeting with South Korean officials visiting Washington,