U.S. President Donald Trump said on Wednesday the U.S. would charge a 15% tariff on imports from South Korea as part of an agreement to avoid even higher levies.

The Trump administration announced a trade deal to impose a 15% tariff on imports from South Korea. The post Trump announces trade deal with South Korea, imports face 15% tariff appeared first on FreightWaves.

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