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 U.S. has a trade deal with South Korea. The company breathing a sigh of relief on the news is General Motors.It operates several facilities in the country, including two assembly plants.GM stock rose 2.

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.