Report: White House working to finalize free trade deal with Korea
A big reason Detroit metal doesn't sell in Korea is the country's eight percent tariff on autos, compared to a 2.5 percent tariff for auto imports to the U.S. Korean ambassador to the U.S. Han Duk-Soo says that removing the larger tax on U.S. vehicles will help sell more Motown Metal and points to the fact that European and Japanese automakers export about 80,000 vehicles to Korea annually as proof.
[Source: Detroit News]
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