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US confirms South Korea's 15% tariff rate retroactive to November 1

Tariffs on South Korean imports, including cars, will now be 15 per cent, effective from November 1. The U.S. is also removing tariffs on airplane parts. South Korea has agreed to invest billions in U.S. industries. This move strengthens the economic partnership between the two nations. It also benefits American jobs and industries.

2 Dec 2025 6:46 am