Trade Envoy Requests Support for South Korean Companies in Meeting with US Lawmakers

Trade envoy requests support for South Korean companies in meeting with US lawmakers

Korea's chief trade negotiator has asked U.S. lawmakers to create a "stable" and "predictable" business environment for Korean companies amid Washington's push to legislate a tax bill aimed at reducing tax credits for electric vehicles, Seoul's industry ministry said Friday. Trade Minister Yeo Han-koo made the request in separate meetings with U.S. Republican Sens. Todd Young from Indiana and Bill Hagerty from Tennessee, as well as Korean Americ…

Higher U.S. tariffs hit home appliances manufacturers

The item-specific tariffs on steel- and aluminum-derived products, which the United States began imposing on Monday, are expected to significantly affect both South Korean manufacturers and U.S. consumers.

South Korean exporters face new tariffs under US steel and aluminum rules

South Korea’s customs authority on Wednesday warned exporters that products recognized as Korean under the Korea-U.S. Free Trade Agreement (KORUS FTA) may still face U.S. tariffs due to stricter American rules of origin. The Korea Customs Service (KCS) released new guidance to help companies understand how the U.S. determines product origin under Section 232 of […] The post South Korean exporters face new tariffs under US steel and aluminum rule…