2025 US–South Korea Trade Deal: Tariff Hike Hits Korean Automakers
On July 30–31, 2025, U.S. President Donald Trump announced a new trade agreement with South Korea, under which the U.S. will charge a 15% tariff on South Korean auto imports, while eliminating tariffs on many other goods in exchange for significant Korean investment in U.S. assets and energy purchases. 🚗 What Happened & Market Reaction … Read more