South Korea and US to Discuss Timing of Reducing Tariffs on Auto Exports from 25% to 15%
The Minister of Industry and Commerce, Kim Jung-gwan, stated on Wednesday that South Korea needs to discuss with the US the timing of reducing tariffs on auto exports from the current 25% down. US Pr
The Minister of Industry and Commerce, Kim Jung-gwan, stated on Wednesday that South Korea needs to discuss with the US the timing of reducing tariffs on auto exports from the current 25% down.
US President Trump stated last week that the US will impose a 15% tariff on Korean imports, including cars, which temporarily alleviated tensions between the US and South Korea. The US measure of imposing a 15% tariff on most imported goods from South Korea will take effect on Thursday.