Yonhap reported that South Korea’s Deputy Trade Minister Mr Jeong Dae-jin plans to visit Washington for talks on supply chains of key materials and steel tariff issues. During the three-day visit starting on Monday, Mr Jeong will have a series of meetings with officials of the White House, the Commerce Department, the US Trade Representative office, Congress and major think tanks to boost cooperation on a range of bilateral trade and industry issues, according to the Ministry of Trade, Industry and Energy. The meetings will be focused on follow-up measures on the establishment of a new dialogue channels, as the two sides agreed last month to create a channel to jointly address supply chain challenges and issues of new technologies. Also on the table will be tariffs on South Korea's steel and aluminum exports.The Seoul government has also sought negotiations with the US to revise the Section 232 tariff rules, after Washington decided in October to lift tariffs on European steel and aluminum imports imposed by former US President Donald Trump.In 2018, the US waived the tariffs on South Korean products, but it was in return for a yearly import quota of 2.63 million tonnes of steel or 70% of South Korea’s average steel products export volume over the past three years.
Yonhap reported that South Korea’s Deputy Trade Minister Mr Jeong Dae-jin plans to visit Washington for talks on supply chains of key materials and steel tariff issues. During the three-day visit starting on Monday, Mr Jeong will have a series of meetings with officials of the White House, the Commerce Department, the US Trade Representative office, Congress and major think tanks to boost cooperation on a range of bilateral trade and industry issues, according to the Ministry of Trade, Industry and Energy. The meetings will be focused on follow-up measures on the establishment of a new dialogue channels, as the two sides agreed last month to create a channel to jointly address supply chain challenges and issues of new technologies. Also on the table will be tariffs on South Korea's steel and aluminum exports.The Seoul government has also sought negotiations with the US to revise the Section 232 tariff rules, after Washington decided in October to lift tariffs on European steel and aluminum imports imposed by former US President Donald Trump.In 2018, the US waived the tariffs on South Korean products, but it was in return for a yearly import quota of 2.63 million tonnes of steel or 70% of South Korea’s average steel products export volume over the past three years.
