December 3, 2010 / 6:40 AM / 7 years ago

US-South Korea trade pact nears with tariff deal: sources

WASHINGTON (Reuters) - 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

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