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U.S. cuts tariffs on Japanese cars to 15%, leaving Korean autos at 25%

The Trump administration has lowered tariffs on Japanese cars to 15%, creating a reversal in trade conditions with South Korea, where autos remain subject to a 25% levy. According to the Federal Register on September 15, the tariff cut took effect at 12:01 a.m. on September 16 (1:01 p.m. Seoul time). The change stems from a U.S.-Japan trade agreement signed..

China's FX reserves poised to drop below $3 trillion on yuan intervention
By Hong Soon-do, Beijing correspondent, AsiaToday - China's foreign-exchange reserves are poised to drop below $3 trillion as the country has been struggli..

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