AsianFin -- South Korea is evaluating the potential impact of a U.S. executive order signed Thursday by President Donald Trump to implement a trade deal with Japan that cuts tariffs on Japanese car imports to 15%, a Seoul trade official said Friday.
The lower tariffs will take effect seven days after the order is published, giving Japanese automakers a price advantage over South Korean rivals, whose exports to the U.S. remain subject to a 25% levy.
Hyundai Motor shares slipped 0.2% in Seoul trading, while Kia Corp. declined 0.7%.
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