President Trump also said that newly elected South Korean President Lee Jae-myung is expected to visit the White House in August.

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

(Reuters) -The United States has agreed a trade deal with South Korea that will subject South Korean imports to a 15% tariff rate, President Donald Trump said on Wednesday. South Korea will also invest $350 billion in the United States and purchase $100 billion in U.S. energy products, Trump said on Truth Social.