South Korea seeks exemption from Trump tariffs
South Korean officials have requested an exemption from U.S. reciprocal, steel and aluminium tariffs during their visit this week to Washington, the industry ministry said in a statement on Friday. Deputy Minister Park Jong-won argued that almost all tariffs between the two countries have already been eliminated under their free trade agreement, highlighting investments made by South Korean companies in the United States. The country views Trump's measures with increasing concern and aims to negotiate further cooperation with the Trump administration.
- This visit reflects a strategic effort by South Korea to navigate the complexities of U.S.-China trade tensions and maintain its position as a key player in regional economic affairs.
- Will South Korea's diplomatic efforts, combined with its significant investments in the United States, be enough to secure a favorable tariff exemption or will Beijing's influence prove decisive?