Seoul to work with US to uphold 15% tariff rate: Cheong Wa Dae

South Korea said Friday it would continue consultations with the Trump administration to ensure that new US tariffs imposed under Section 301 of the Trade Act do not push the tariffs on Korean goods above the 15 percent agreed upon by the two countries last year. “South Korea and the United States share the understanding that the tariff agreement should be honored,” a Cheong Wa Dae official said on condition of anonymity. “We plan to consult closely with the US side to ensure that the 15 percent

By The Korea Herald