President Donald Trump is presented with the Grand Order of Mugunghwa and the Silla gold crown by South Korean President Lee Jae-myung at the Gyeongju National Museum in Gyeongju, South Korea, on Oct. 29, 2025. Andrew Harnik/Getty Images
The United States and South Korea finalized the terms of a major trade agreement on Oct. 29 as U.S. President Donald Trump headed toward the final hours of his Asian tour on the Korean Peninsula.
On Oct. 29, South Korea finalized a bilateral trade agreement originally announced by Trump in July. The new deal will set U.S. tariffs on Korean goods at 15 percent, and Seoul will invest $350 billion in the United States.
