US to lower tariffs on South Korean autos to 15% effective Nov 1, Lutnick says

Core Point - The U.S. will reduce import duties on South Korean automobiles to 15%, effective retroactively from November 1, aligning with the tariffs imposed on Japan and the EU [1] Group 1 - The new tariff rate of 15% matches the reciprocal tariffs that Japan and the EU have imposed [1] - The decision was announced by Commerce Secretary Howard Lutnick [1]