South Korea Optimistic It Will Receive US Tariff Exemption on Imported Cars
I guess we will see in a few days of South Korea’s optimism is warranted:
South Korea’s top trade official on Wednesday sounded a cautious note of optimism on his recent sales pitch to key U.S. officials and lawmakers for exempting South Korean cars from possible U.S. tariffs.
Yonhap
Trade Minister Kim Hyun-chong said there is neither justification nor actual benefit for the United States slapping tariffs on South Korean cars, as South Korea, a close ally of the U.S., does not pose a threat to U.S. security.
Washington is set to issue a report by Feb. 17 into whether U.S. President Donald Trump should impose tariffs on foreign autos on national security grounds based on Section 232 of the Trade Expansion Act.
“The U.S. reaction was not bad,” regarding South Korea’s request for an exemption from possible U.S. tariffs, Kim said in a briefing in Sejong, adding that Washington officials praised South Korea’s efforts to revise their bilateral free trade dea
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