South Korea, U.S. Agree on Trade Pact Changes to Appease Ford on Exports
The U.S. and South Korea reached an agreement to change automobile provisions in a pending trade deal, seeking to meet the demands of Ford Motor Co. and lawmakers.
Both countries will scale back the initial tariff cuts for automobiles, and South Korea said it would allow more imports of U.S.-made vehicles that meet American standards and not Korean rules, according to fact sheets released today by the White House.
To contact the reporter on this story: Mark Drajem in Washington at firstname.lastname@example.org
To contact the editor responsible for this story: Steve Geimann at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.