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Jung In-kyo, South Korea's Trade Minister, explains the results of trade negotiations with the Donald Trump administration during a press briefing at the South Korean Embassy in Washington, D.C., on April 9. / Photographed by Ha Man-joo |
On April 9, South Korea's Trade Minister, Jung In-kyo, expressed concerns regarding the U.S. decision to impose a 10% base tariff on imports, despite a 90-day suspension of reciprocal tariffs for countries excluding China. Speaking at a press conference in Washington, D.C., Jung acknowledged the temporary relief but highlighted potential adverse effects on South Korean industries.
"While the 90-day suspension offers a window for negotiations, the 10% base tariff remains a significant concern," Jung stated. He emphasized the necessity for prompt discussions with U.S. counterparts to mitigate potential impacts on South Korean businesses.
During his visit, Jung met with U.S. Trade Representative Jamieson Greer and other senior officials to advocate for reduced tariffs and special considerations for South Korean exports. He also engaged with William Kimmitt, nominee for Under Secretary of Commerce for International Trade, and Jeffrey Kessler, Assistant Secretary for Export Administration, to address specific concerns related to steel and automobile tariffs.
Jung underscored the importance of sustained dialogue and collaboration between the two nations, stating that resolving these trade issues would require ongoing efforts rather than a single negotiation.
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