White House official accuses S. Korea of flooding US with subsidized steel

U.S. trade officials have accused South Korea of flooding the American market with heavily subsidized steel and steel products transshipped from China. Peter Navarro, White House senior counselor for trade and manufacturing, expressed the concern on X, warning that Washington is taking action to address the alleged practices. In a video clip from earlier this week, Navarro specifically highlighted South Korea as the primary culprit, stating that the country is inundating the U.S. market with highly subsidized Korean steel and steel shipped from China.

Despite imposing high tariffs of 50 percent on steel, Navarro emphasized that South Korea continues to exceed these measures through cheating tactics. The U.S. president has the authority under Section 232 of the Trade Expansion Act of 1962 to adjust tariffs on foreign steelmakers, signaling that the White House is prepared to take further action against the alleged steel flooding.