News
Lower Tariffs On South Korean Vehicles Benefits Hyundai And GM
South Korean automobile import taxes were reduced from 25% to 15% by US President Donald Trump. Hyundai and General Motors, two automakers, will particularly benefit from this.
Last week, the US president announced a reduction of tariffs on certain South Korean products, including vehicles, to 15 percent. Japan and the United Kingdom have also negotiated lower tariffs.
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