Politics

S.Korea Reviews U.S.-Japan Tariff Deal Ahead of Own Talks

Presidential Workplace Emphasizes Nationwide Curiosity in U.S. Talks

Reporter Cho Jae-wan = On the twenty third, the presidential workplace acknowledged concerning the conclusion of tariff negotiations between the USA and Japan that “our authorities additionally plans to prioritize nationwide pursuits in negotiations with the USA.”

South Korea Reviewing U.S.-Japan Commerce Settlement Particulars

The President's Office responded to the conclusion of the US-Japan trade negotiations, saying

The presidential workplace additional famous in an announcement that afternoon, “We’re presently assessing the small print of the U.S.-Japan negotiation outcomes and intend to take them into consideration in our governmental negotiations.”

Key South Korean Officers Scheduled for U.S. Commerce Conferences

The Presidential Workplace defined that “the present Nationwide Safety Advisor and the pinnacle of the Commerce Negotiations Headquarters are visiting the U.S., and this week, the Deputy Prime Minister for Financial system and the Minister of Business even have conferences scheduled with key figures within the U.S.”

U.S. and Japan Agree on Tariff Reductions for Cars

On this present day, the U.S. and Japan agreed to decrease their mutual tariffs from the initially deliberate 25% to 15%. They agreed to cut back the automotive tariffs to 12.5%, and with the present fee of two.5% added, a closing tariff of 15% can be imposed on automobiles and elements. In distinction, the present 50% tariff on metal and aluminum will stay unchanged.

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