Group 1 - The U.S. will reduce tariffs on South Korean automobiles to 15%, effective retroactively from November 1 [2][7] - Following the announcement, shares of Hyundai and Kia rose nearly 5% and 4% respectively, contributing to a nearly 2% increase in the South Korean Composite Stock Price Index [3][6] - The U.S. Department of Commerce stated that South Korea's commitment to invest in the U.S. strengthens the economic partnership between the two countries and supports domestic employment and industry development [8] Group 2 - The reduction in tariffs is part of a bilateral trade agreement that sets a 15% cap on potential future tariffs on semiconductors and pharmaceuticals, aligning South Korea with Japan in this regard [7] - Prior to this change, the U.S. imposed a 25% tariff on imported goods from South Korea, including automobiles, citing national security concerns [7] - The South Korean government is pushing legislation to fulfill a previous agreement to invest $350 billion in strategic industries in the U.S., including shipbuilding [7]
突然暴涨!关税,降至15%!
Zhong Guo Ji Jin Bao·2025-12-02 06:20