This Free Trade Agreement (FTA) is the largest trade deal of its kind since the North American Free Trade Agreement (NAFTA). The Economic Policy Institute estimates the Korea FTA will displace about 159,000 U.S. jobs—mostly in manufacturing. To qualify for reduced tariffs under the Korea FTA, automobiles need only have 35 percent U.S. or South Korean content—meaning up to 65 percent of the content of autos traded under the deal could be from other any other country, including China.