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 traveled to Washington amid escalating US tariff pressure, as Seoul grapples with several unresolved bilateral trade issues. The visit comes at a critical juncture for bilateral trade relations, with Seoul under increasing US pressure to expedite investment commitments under an existing tariff deal.
The US government is anticipated to announce the results of its investigation into alleged overproduction by the end of the month, under Section 301 of the Trade Act. Earlier this month, Washington unveiled fresh tariffs on imports from 60 trading partners, imposing 12.5 percent duties on Korea, along with Japan and Switzerland.
Apart from the forced labor investigation, the US is also probing 16 economies, including Korea, for alleged excess industrial capacity.
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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