South Korea Wants to Request $350 Million in Sanctions on the United States

I wonder if the Moon administration is trying to use the threat of these sanctions as way to pressure the Trump administration to help resolve the current trade dispute with Japan?:

South Korea is seeking an annual $350 million in trade sanctions against the United States in an Obama-era dispute over tariffs on steel pipes, it said in a World Trade Organization (WTO) filing published on Tuesday.

South Korea went to the WTO in 2014 to challenge U.S. tariffs levied on oil country tubular goods (OCTG), a type of steel piping used in the energy industry.

Washington said its tariffs aimed to stop South Korea exporting the product at unfairly cheap prices. After South Korea won a partial victory at the WTO, the United States had until July 12 to comply with that ruling.

South Korea said the United States had failed to do so and it was seeking sanctions equal to the level of trade harm done.

“Based on available data, this level is estimated at $350 million annually. This amount will be adjusted by applying the annual growth rate of the OCTG market of the United States,” it said in the sanctions request published by the WTO.

South Korea plans to impose the sanctions by putting tariffs on certain types of U.S. goods, which it said it would announce at a later date.

Reuters

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