S. Korea asks U.S. for exemption from new 25% auto tariffs
- 6 years ago
Finance Minister Kim Dong-yeon has asked the Trump administration to exempt Korean vehicles from America's the soon-to-be imposed tariffs of 25 percent.
He made the request to U.S. Treasury Secretary Steven Mnuchin on Saturday, local time,... on the sideline of the G20 meeting in Buenos Aires, 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 Minister for Trade, Kim Hyun-chong ,... also made a similar argument to U.S. finance officials in Washington last week.
Kim Hyun-chong 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.
He made the request to U.S. Treasury Secretary Steven Mnuchin on Saturday, local time,... on the sideline of the G20 meeting in Buenos Aires, 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 Minister for Trade, Kim Hyun-chong ,... also made a similar argument to U.S. finance officials in Washington last week.
Kim Hyun-chong 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.