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

General Motors is a big beneficiary of lower import tariffs on South Korea. The U.S. auto maker builds cars there.

President Donald Trump announced a new trade deal with South Korea with a 15% import tax on South Korean goods. The new deal could impact the country’s top exports to the United States, including vehicles and electronics as well as popular skin care and cosmetics.