South Korea has agreed to give the United States five years to phase out a 2.5 percent tariff on Korean-built cars, rather than cut the tariff immediately, clearing the way for a deal on a stalled U.S.-South Korea trade pact, the Wall Street Journal reported on Friday. (Reporting by David Morgan; Editing by James Dalgleish)
Tuesday, May 21, 2013 As of 2:57 PM EDT
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