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  • 4 hours ago
South Korea's trade minister says his country could work with Taiwan to reduce US President Donald Trump's proposed chip tariffs. Earlier this month, Seoul and Washington reached a trade deal, with US officials saying they would offer Seoul a chip tariff rate "no less favorable" than a possible deal offered to another country with an equal or larger chip sector. Taiwan is the world's largest chip producer, followed by South Korea.
Transcript
00:00South Korea's trade minister says his country could work with Taiwan to lower U.S. President
00:05Donald Trump's proposed chip tariffs.
00:07The comments come after Washington and Seoul announced a trade deal earlier this month.
00:12Under that deal, the U.S. said South Korean chips would face tariff terms no less favorable
00:17than those applied to any other major chip-producing nation.
00:20Currently, Taiwan is the world's largest chip producer, while South Korea is in second place.
00:25South Korean officials did not say whether they have held any talks with Taiwan on the matter.
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