Cheong met U.S. Trade Representative Jamieson Greer about lowering tariff rates slapped on the country and delivered concerns about U.S. tariffs, the trade ministry said on Thursday.
In a stunning reversal on Wednesday, Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China.
Cheong found the reprieve “positive”, but swift consultations with Washington were still needed to minimise the impact, considering South Korea's exports to China, and any balloon effect, he told reporters.
Nonetheless, Trump left a base tariff of 10% in place for all countries, in addition to 25% duties on cars, auto parts, steel, and aluminium products which are among South Korea's key export items.
Cheong, the trade envoy, said the Trump-Han dialogue had created favourable momentum for further negotiations, the ministry said in a statement.
Read More Details
Finally We wish PressBee provided you with enough information of ( South Korea trade envoy says Trump's tariff pause leaves room for negotiations )
Also on site :