AsianFin -- South Korea is evaluating the potential impact of a U.S. executive order signed Thursday by President Donald Trump to implement a trade deal with Japan that cuts tariffs on Japanese car imports to 15%, a Seoul trade official said Friday.

The lower tariffs will take effect seven days after the order is published, giving Japanese automakers a price advantage over South Korean rivals, whose exports to the U.S. remain subject to a 25% levy.

Hyundai Motor shares slipped 0.2% in Seoul trading, while Kia Corp. declined 0.7%.