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 is set to travel to Washington in response to escalating tariff pressures from the United States. The visit comes amid a series of unresolved bilateral trade issues, with Seoul facing mounting pressure from the U.S. to accelerate its investment commitments under a bilateral tariff deal. The U.S. government is anticipated to announce the results of its investigation into alleged overproduction under Section 301 of the Trade Act by the end of the month.
This investigation, along with another probing forced labor allegations, has led to a new round of tariffs on imports from 60 trading partners, including South Korea, Japan, and Switzerland, with the latter facing a 12.5 percent tariff rate.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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