Menu Content
Go Top

Economy

S. Korean Trade Minister Heads to US over Steel Tariffs

Written: 2018-03-06 10:10:24Updated: 2018-03-06 11:24:55

S. Korean Trade Minister Heads to US over Steel Tariffs

South Korean Trade Minister Kim Hyun-chong on Tuesday departed for his second trip to the U.S. in ten days to seek an exemption for Seoul from proposed steel tariffs.  

The Ministry of Trade, Industry and Energy said that during the four-day visit, Kim plans to meet with senior officials and lawmakers, including U.S. Trade Representative Robert Lighthizer.

During a five-day trip last week, the minister met with Gary Cohn, director of the White House National Economic Council, and U.S. Commerce Secretary Wilbur Ross, as well as lawmakers and industry people to discuss trade issues.

During last week's meetings, Kim reportedly explained that South Korea's imports of Chinese steel do not target the U.S. market, noting that among Korean steel exports to the U.S., a mere two-point-four percent use Chinese materials.

U.S. President Donald Trump is expected to impose tariffs of 25 percent on steel and ten percent on aluminum imports this week.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >