Trump announced a “full and complete trade deal” between the US and South Korea, with a 15% tariff on South Korean exports. This puts South Korea on par with other US trade partners like Japan and the European Union, which have also secured trade deals with Trump that set a 15% tariff rate for their exports to the US. The new rate would also apply to South Korean automotive exports. Trump touted the deal as a “full and complete trade deal” and said Seoul had agreed to buy $100 billion worth of US energy products, including liquefied natural gas (LNG). South Korea will give the US $350 billion for investments and an additional unspecified “large sum of money” will be invested in the US by Seoul. South Korea’s opposition People Power Party (PPP) criticized the agreement, calling for clarification on if any other trade areas will be open to the US. Brazil also faced tariffs, but Trump exempted some items from the heavier duties.
On July 30, 2025, US tsunami warnings were downgraded following a massive earthquake in Russia’s far east.
