South Korea, Trade Yeo
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Yonhap News Agency on MSN(LEAD) Agriculture, livestock sectors voice concerns over S. Korea-U.S. tariff talks on trade barriers(LEAD) agriculture sector-tariff negotiations SEOUL, July 15 (Yonhap) -- South Korea's agriculture and livestock industries voiced concerns Tuesday over the country's ongoing tariff negotiations with the United States,
South Korea is deeply concerned about tariffs the US is likely to impose on semiconductors, with Trade Minister Yeo Han-koo warning Monday of the damage the duties would inflict on one of the nation’s key export sectors.
Trump wants to impose a 25% tariff on South Korea, but it's been postponed. Will three more weeks be enough time to negotiate? Will there be another extension?
Japan and South Korea have until Aug. 1 to agree new trade terms with the U.S., or face 25% “reciprocal” tariffs. The two Asian countries share vulnerabilities that put them in President Trump’s crosshairs,
South Korea was not the only country whose goods were hit with higher tariffs on Monday, nor does it seem likely to be the last.
The U.S. wants South Korea to join efforts to counter China's growth in shipbuilding via potential cooperation in the sector, a senior official from Seoul's trade ministry said on Friday.
Trump said on Tuesday that South Korea should be paying for its own military protection, suggesting the US ally needed to pay more for the US troop presence there, a day after the tariff announcement.