Topline
The U.S. and South Korea agreed to a trade deal Wednesday following months of negotiations that will lower tariffs placed against the longtime Asian ally in exchange for hundreds of billions of dollars in investments toward the U.S.
The terms of the deal were finalized Wednesday. (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)
AFP via Getty Images
Key Facts
The tariff rate imposed on South Korean goods will be set at 15% following the agreement, as will the rate on automobiles, which previously had 25% tariffs attached to them.
This is a developing story. Check back for updates.