The U.S. government is stepping up pressure on South Korea to reduce taxes and tariffs on imported cars, citing a widening trade gap in the automotive sector. Following complaints by the U.S. trade representative regarding an auto trade imbalance, U.S. Assistant Commerce Secretary William Lash reportedly demanded that Seoul lower its tariff rate for automotive imports to 2.5%, from the current 8% level, to allow easier market access for foreign auto makers. Seoul responded ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.