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

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.