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

Social media posts have recirculated an old video of US President Donald Trump and falsely presented it as depicting him calling South Korean leader Lee Jae Myung a "bad negotiator" after their countries agreed a trade deal.

President Donald Trump announced a new trade deal with South Korea with a 15% import tax on South Korean goods. The new deal could impact the country’s top exports to the United States, including vehicles and electronics as well as popular skin care and cosmetics.