General Motors is a big beneficiary of lower import tariffs on South Korea. The U.S. auto maker builds cars there.

On Wednesday he announced a 25% tariff rate on goods from India, after months of negotiations between Washington and New Delhi failed to produce a trade deal. He also said a 50% tariff on copper pipes and wiring would kick in on Friday.

U.S. President Donald Trump announced Wednesday that the United States will impose a 15% tariff on South Korean goods in a deal made just ahead of an Aug. 1 deadline.