On July 29, local time, U.S. President Donald Trump cast doubt on the imminent conclusion of tariff negotiations with South Korea. Speaking to reporters upon his return to the White House from a trip to Scotland,

President Donald Trump said on Wednesday the U.S. will charge a 15 per cent tariff on imports from South Korea, down from a threatened 25 per cent, as part of a deal that eases tensions with a top-10 trading partner and key Asian ally.

The agreement comes after other American allies, like Japan, clinched their own deals, partly to moderate President Trump’s tariff threats.