Minister of Trade, Industry and Energy: "Investment in U.S. to Manage Tariff Pressure… 15% Cap Reaffirmed"
4 Articles
4 Articles
(Seoul = Yonhap News) Reporters Shin Chang-yong and Jang Bo-in = With the Donald Trump administration's announcement of additional tariffs imminent, trade authorities [received] from the U.S. side the existing tariff [combination]
Dismissing Concerns Over Exceeding 15% U.S. Tariffs… "Not a Single Penny of Taxpayer Money Wasted"
As the U.S. administration pushes to announce additional tariffs under Section 301 of the Trade Act, it has been confirmed that the administration has promised the South Korean government that tariffs on Korean products will not exceed the previously agreed-upon 15%. During a background briefing on investment negotiations with the U.S. held recently at the Government Complex Seoul, Minister of Trade, Industry and Energy Kim Chung-kwan stated, "I…
Ahead of the U.S. announcement of additional tariffs, South Korean trade authorities stated that they confirmed with the U.S. side its position that tariffs would not exceed the existing Korea-U.S. agreed-upon limit of 15%. During a background briefing on investment negotiations with the U.S. held recently at the Government Complex Seoul, Minister of Trade, Industry and Energy Kim Chung-kwan said, "It is regrettable that tariffs were omitted be…
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