U.S. President Trump's announcement of a tariff agreement with South Korea, along with his remarks that the market for American cars and trucks will be opened, is drawing attention. On July 30th, President Trump announced on social media that South Korea has agreed to fully open its trade with the United States,

President Donald Trump announced a new trade deal with South Korea, which calls for 15% tariffs on goods from there.

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