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Tariff cut eases tensions for Korean auto exports, but risks remain

Daniel Chiang, Seoul; Elaine Chen, DIGITIMES Asia 0

Credit: DIGITIMES

In a significant outcome of the ongoing US-South Korea trade deal, tariffs on automobiles and auto parts have been reduced from 25% to 15% as of April 2025. The two nations also agreed to extend most-favored-nation (MFN) treatment to qualifying countries...

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