President Trump said Wednesday the U.S. has struck a trade deal with South Korea, matching the structure of pacts with Japan and the European Union. Why it matters: The deal brings clarity to the U.S.

Recent pacts with Britain, Europe and Japan mean that autos exported from those countries and regions face lower U.S. tariffs than Canadian vehicles do.

U.S. President Donald Trump's successive announcements of deals setting baseline tariffs on the European Union and Japan are prompting questions about whether they're a road map for Canada to follow in trade talks.