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Story summary
- The United States will reduce import duties on South Korean automobiles to 15%, retroactive to November 1.
- Commerce Secretary Howard Lutnick said the cut aligns with reciprocal tariffs on Japan and the European Union.
- The adjustment follows a trade agreement announced last month.
- South Korea earlier introduced a bill to implement U.S. investment commitments.
- The development marks a significant step in U.S.–South Korea trade relations.
