South Korea, US to hold talks on timing of tariff cut on autos

South Korea's Industry Minister said on Wednesday that Seoul needs to hold further discussions with Washington on the timing of the promised tariff cuts on South Korea's car exports to the U.S. from the current 25%.

President Donald Trump said last week the U.S. will charge a 15% tariff on imports from South Korea, including autos, as part of a deal that eases tensions with a top-10 trading partner and key Asian ally.