US Lowers Tariffs on Japanese Autos, Korean Deal Pending

The US is lowering taxes, called tariffs, on cars from Japan this week, making them potentially cheaper.

Cars from South Korea still have higher tariffs.

The US and South Korea also made a deal to lower tariffs, but it's not in effect yet.

Last year, South Korea exported a lot of cars to the US.

Discussions are happening to reduce the tariffs on Korean cars.