🇰🇷 South Korea is finalizing a tariff deal with the US on car imports.

South Korea is looking at the agreement announced with Japan as a roadmap and one of the key issues is tariffs on cars that are imported from Korea. Japan was able to get a 15% rate equal to what the EU had received. That's ceiling of 15%.So Korea is obviously a big exporter of cars to the United States and they're very interested in getting an agreement that mirrors Japan because they don't want to be at a competitive disadvantage. Korea had pledged $350 billion for things like ship building, for things li ...