Dhaka, July 31 -- President Donald Trump said on Wednesday the US 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 arrangement, announced shortly after Trump met with Korean officials at the White House, came during a blizzard of trade policy announcements ahead of a self-imposed August 1 deadline, according to a Reuters report.

That is when Trump has promised higher tariffs will kick in on US imports from a range of countries. Imports from South Korea, a powerhouse exporter of computer chips, cars and steel, faced a 25 per cent rate prior to Wednesday's last-minute deal.

"I am pleased to announce...