Industry minister again heads for Washington amid growing US tariff pressure
Korea's industry minister departed for Washington earlier in the day as Seoul faces mounting tariff pressure from the United States amid a series of unresolved bilateral trade issues, sources said Sunday. Industry Minister Kim Jung-kwan's visit to the U.S. came at a sensitive time for bilateral trade relations, as Seoul faces growing U.S. pressure to accelerate its investment commitments under a…
Korea's industry minister, Kim Jung-kwan, has journeyed to Washington as Seoul grapples with intensifying tariff pressure from the United States. The visit follows a series of unresolved bilateral trade disputes, sources reported on Sunday. The timing of Kim's trip to the U.S. is critical, as Seoul faces mounting U.S. demands for accelerated investment commitments under a bilateral tariff agreement.
According to the ministry, the U.S. government is anticipated to disclose the outcome of its investigation into alleged overproduction by the end of the current month. In September, Washington also imposed fresh tariffs on imports from 60 trading partners, ranging from 10% to 12.5%, in response to an investigation into alleged forced labor under Section 301 of the Trade Act of 1974.
Under this new tariff scheme, Korea, along with Japan and Switzerland, is now subject to a 12.5% tariff. In a separate matter, the U.S. government is also probing 16 economies, including Korea, for alleged excess industrial capacity.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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