Following South Korea’s implementation of the strategic-investment legislation in Parliament, the US will lower certain tariffs under the deal, including auto tariffs to 15 per cent, effective retroactively from November 1, US Commerce Secretary Howard Lutnick recently said.
“We are also removing tariffs on airplane parts and will ‘un-stack’ Korea’s reciprocal rate to match Japan and the EU,” he said.
“We are also removing tariffs on airplane parts and will ‘un-stack’ Korea’s reciprocal rate to match Japan and the EU,” he said.
