S. Korea asks U.S. for exemption from new 25% auto tariffs
- 6 years ago
South Korea's finance chief has asked the Trump administration to exempt Korean vehicles from Washington's soon-to-be imposed tariffs of 25 percent.
Kim Dong-yeon made the request to U.S. Treasury Secretary Steven Mnuchin on Saturday, local time,... on the sidelines of the G20 meeting in Argentina.
He called the tariffs unjust,... and said trade with South Korea has contributed to higher employment and investment in the U.S.
A delegation led by Seoul's trade minister also made a similar argument to U.S. finance officials in Washington last week.
It argued that U.S. concerns about the automobile industry are already reflected in the two countries' newly revised free trade agreement,... and said such tariffs will only negatively affect the American economy.
Kim Dong-yeon made the request to U.S. Treasury Secretary Steven Mnuchin on Saturday, local time,... on the sidelines of the G20 meeting in Argentina.
He called the tariffs unjust,... and said trade with South Korea has contributed to higher employment and investment in the U.S.
A delegation led by Seoul's trade minister also made a similar argument to U.S. finance officials in Washington last week.
It argued that U.S. concerns about the automobile industry are already reflected in the two countries' newly revised free trade agreement,... and said such tariffs will only negatively affect the American economy.