US tariff rate on South Korean autos would be set at 15%, commerce chief says

WASHINGTON, July 30 (Reuters) - U.S. Commerce Secretary Howard Lutnick said on Wednesday the U.S. tariff rate on South Korean autos would be set at 15% after President Donald Trump announced a trade agreement with Washington's Asian trading partner.

Lutnick said on X that South Korea's semiconductor and pharmaceutical exports would not be treated more harshly than those from other countries. He added steel, aluminum, and copper were not covered by the new deal and U.S. tariff rates on those goods would remain unchanged.