U.S. President Donald Trump said on Wednesday the U.S. would charge a 15% tariff on imports from South Korea as part of an agreement to avoid even higher levies.

President Donald Trump announced a new trade deal with South Korea, which calls for 15% tariffs on goods from there.

President Donald Trump says the US will charge a 15% tariff on imports from South Korea, in what he called a "full and complete trade deal". It comes just a day before a 1 August deadline for countries to reach agreements with the US or be hit with higher tariffs. South Korea had been facing a 25% levy if it had not struck a deal.