Tariff Gap with Japan Further Threatens Korea’s US Car Sales

Tariff gap with Japan further threatens Korea’s US car sales

Korean carmakers are now exposed to higher risks of losing price competitiveness in the United States as their Japanese counterparts begin gaining...

US to begin applying tariff on Japanese automakers, Korean cars subject to 25% levy

Washington: US President Donald Trump’s administration will start implementing a lowered tariff of 15 per cent on Japanese automobiles this week, in line with a bilateral trade deal. In a notice posted on the Federal Register, the International Trade Administration under the Commerce Department said that the reduced tariff rate will go into effect from Tuesday — an enactment after Trump’s signing of an executive order earlier this month to offic…