EWY•South Korea’s industry minister said the US indicated tariffs on South Korea would remain around 15% and would not exceed that level through Section 301 actions, Yonhap reportedly said.
Industry Minister Kim Jung-kwan said the US had indicated tariffs on South Korea would be maintained at the 15% level and would not exceed that threshold through actions under Section 301 of US trade law, Yonhap reportedly said. Kim said the tariff provision was not explicitly included in the two sides’ investment agreement, but the US had conveyed its position on maintaining the rate around 15%.
