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

On July 29, local time, U.S. President Donald Trump cast doubt on the imminent conclusion of tariff negotiations with South Korea. Speaking to reporters upon his return to the White House from a trip to Scotland,

South Korea's new finance minister and the country's top trade envoy will meet in Washington with U.S. counterparts on Friday for talks on U.S. tariffs, Finance Minister Koo Yun-cheol said on Tuesday.