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US Announces 15% Tariffs On South Korea Under New Trade Deal

US President Donald Trump has announced a new trade deal setting 15 percent import duty on South Korea.

The new deal comes just two days ahead of a deadline that Trump set for the United States' trading partners to agree on new deals. In the absence of a trade agreement, the Trump administration was planning to impose a 25 percent tariff on South Korea.

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by Joji Xavier

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