Chinese and Japanese media react to Korea's tariff deal with U.S.

Following South Korea's tariff deal with the U.S., neighboring and rival manufacturing nations are watching closely.

China's South China Morning Post on Friday spotlighted the Make American Shipbuilding Great Again, a $150 billion investment package led by South Korea.

The report said the move gives Washington a chance to revive its shipbuilding sector and "counter China's dominance in the industry."

Japan's coverage, meanwhile, zeroed in on the newly imposed 15-percent tariff on automobiles.

Before Section 232 took effect, South Korean cars entered the U.S. tariff-free — while Japanese and EU vehicles faced a 2.5-percent duty.

Now, the playing field has been leveled: a flat 15 percent for all exporters.