South Korea has asked the administration of U.S. President Donald Trump to exclude the country from proposed tariffs, citing an existing free trade agreement and low import duties, Seoul's Trade Ministry said Friday.

Automakers such as General Motors and South Korea-based Hyundai Motor export vehicles tariff-free from South Korea.

South Korea’s top economic think tank on Tuesday slashed its growth forecast for the country’s economy for the second time in four months, expressing concern about the potential impact of U.S. Preside