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U.S. Auto Imports From Korea Surge In First Month After Tariffs Lifted

March 17, 2016 at 9:30 PM
Korean auto imports to the U.S. have surged by 20 percent in value in January of this year, the first month that the U.S. car tariff was lifted under the U.S.-Korean free trade agreement (KORUS). In December 2015, imports of passenger cars were valued at $1.5 billion and they increased to $1.8 billion in January, an increase of $300 million, according to the Census Bureau. This monthly deficit adds to an already large bilateral deficit in passenger cars, which rose...

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