South Korea's free trade agreement with the United States could help mitigate its exposure to reciprocal tariffs threatened by U.S. President Donald Trump, economists at two major investment banks have said.

President Donald Trump could sign an order as soon as Wednesday to require that U.S. tariffs on imports match the tax rates charged by other countries

Trump told reporters Sunday he will announce the reciprocal tariffs “probably Tuesday or Wednesday.” The duties would go into effect “almost immediately” on “every country,” added Trump: “Very simply it's if they charge us,