nnPresident Trump announced a trade deal imposing 15% tariffs on South Korean imports like cars and semiconductors, avoiding a threatened 25% levy before the August 1 deadline. The agreement includes $350 billion in South Korean investments in U.S. projects, with $150 billion dedicated to shipbuilding. Steel and aluminum exports face higher 50% tariffs consistent with global rates. South Korean President Lee Jae Myung hailed the deal for placing his country on competitive footing while protecting agricultural markets. Military cost-sharing talks were deferred to an upcoming summit.