Seoul and Washington will negotiate for duties next week
Seoul and Washington will negotiate next week over the trade duties imposed by the US President Donald TrumpDPA reported.
| The talks will take place on Thursday and Friday in Washington, and on the South Korean side will be led by the Minister of Trade Anne Duk-Lump and the Minister of Finance Choi San-Mock. The meeting is organized at the US initiative. |
South Korea President Han Duck-SU, the temporary position of President, has already signaled a readiness for a compromise on the subject. In an interview with the Financial Times, he stressed that Seoul did not intend to take back a response against Washington’s duties.
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« After the devastating Korean war, the United States supported us with help, technology, investment and security guarantees, which was the basis of our economic prosperity today, » he said.
Earlier this month Donald Trump announced the introduction of the so-called a reciprocal duty of 25% For South Korean goods. He later announced a 90-day temporary suspension of these measures.
South Korea, whose economy is highly dependent on exports, can bear serious consequences of such commercial restrictions.
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