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U.S. cuts auto tariffs on South Korea to 15% retroactively from Nov. 1, 2025, following investment commitments and trade agreement.
The U.S. will reduce tariffs on South Korean automobiles to 15% retroactively from November 1, 2025, aligning with rates for Japan and the EU, Commerce Secretary Howard Lutnick announced.
The move follows South Korea’s passage of legislation to fulfill a $350 billion investment commitment in U.S. industries, including shipbuilding, and implements a bilateral trade agreement.
The adjustment also removes tariffs on airplane parts and caps future national security tariffs on semiconductors and pharmaceuticals at 15%.
The U.S. Supreme Court may soon rule on the legality of related tariffs.
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