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South Korea says timing of U.S. tariff cut on autos not decided
Reuters419d agoneutral
South Korea says timing of U.S. tariff cut on autos not decided

SEOUL (Reuters) -South Korea's Industry Minister Kim Jung-kwan said on Wednesday that Seoul needs to hold further discussions with Washington on the timing of the promised tariff cuts on the country's car exports to the U.S. from the current level of 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. The 15% U.S. tariffs on most items coming from South Korea are due to take effect starting from Thursday.

South Korea says timing of U.S. tariff cut on autos not decided
Reuters419d agoneutral
South Korea says timing of U.S. tariff cut on autos not decided

SEOUL (Reuters) -South Korea's Industry Minister Kim Jung-kwan said on Wednesday that Seoul needs to hold further discussions with Washington on the timing of the promised tariff cuts on the country's car exports to the U.S. from the current level of 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. The 15% U.S. tariffs on most items coming from South Korea are due to take effect starting from Thursday.

Morning Movers: GMS Inc. jumps after report of competing suitors
TipRanks465d agobullish
Morning Movers: GMS Inc. jumps after report of competing suitors

Stock futures are ticking slightly higher as investors digest fresh geopolitical news and continue to weigh the Federal Reserve’s latest stance on interest rates. President Trump’s announcement of a two-week pause on potential military action against Iran has brought some relief to markets. Brent crude has pulled back to around $77 per barrel as the likelihood of immediate escalation diminishes. On the macro side, the Fed’s cautious tone earlier this week is still reverberating. Policymakers kep