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

The deal, announced by Trump, includes South Korean pledges for US agriculture, cars and US$100 billion in energy purchases.

The deal, announced by Trump, includes South Korean pledges for US agriculture, cars and US$100 billion in energy purchases.

The agreement comes just a day before a 1 August deadline for countries to strike deals with the US or be hit with higher tariffs.

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

Noch ein Deal nach Schema Trump: Wie Japan und die EU einigt sich nun auch Südkorea mit den USA auf Zollsenkungen und Investitionen. Aber Fragezeichen bleiben.