Samsung says tariff agreement reduces uncertainty, expects boost from Tesla deal

SEOUL: Samsung Electronics said a trade deal between South Korea and Washington will help to alleviate business uncertainty, as the technology giant forecast more major chip orders after signing a $16.5 billion deal with Elon Musk’s Tesla.

U.S. President Donald Trump said the U.S. will charge a 15% tariff on imports from South Korea as part of the deal that eases, for now, tension with a top-10 trading partner and key Asian ally. Imports from South Korea, a powerhouse exporter of computer chips, cars and steel, had faced a 25% rate.