A South Korean nationwide flag, middle, and U.S. nationwide flags fly on the Imjingak pavilion close to the demilitarized zone (DMZ) in Paju, South Korea, on Saturday, April 29, 2017.
SeongJoon Cho | Bloomberg | Getty Photos
South Korea’s commerce minister has requested his U.S. counterpart to exempt the nation from reciprocal tariffs in the event that they go into impact in April, the commerce ministry stated on Saturday.
Throughout his go to to Washington this week, Commerce Minister Cheong In-kyo met U.S. Commerce Consultant Jamieson Greer, and confused that South Korea shouldn’t get unfavourable remedy, the ministry stated in an announcement.
U.S. President Donald Trump has introduced reciprocal tariffs on all U.S. buying and selling companions from April 2.
Earlier this month, Trump singled out South Korea for making use of excessive tariffs.
He stated the U.S. Asian ally’s tariffs have been 4 occasions increased than these of america.
Seoul has disputed this. As of 2024, South Korea’s efficient tariff fee on U.S. imports stood at 0.79% as the 2 international locations have a free commerce pact, in response to the South Korean authorities.
“Either side shared the view that they’ll proceed discussions to hunt constructive and mutually useful progress on tariff and non-tariff measures sooner or later too,” the commerce ministry stated.
South Korea’s appearing President Choi Sang-mok, who stated Trump’s America First insurance policies took goal at Seoul, ordered the federal government to extra actively talk with the U.S. administration to resolve any misunderstanding over tariffs.
