<p>South Korea's Trade Minister Mr Yeo Han-koo, in a meeting with US Trade Representative Ms Katherine Tai during held lat week in Washington, has called on the US to swiftly begin talks to revise the Section 232 tariff rules on South Korean steel exports</p><p>The push came as US decided in October 2021 to lift import tariffs on European steel and aluminium imposed by former President Donald Trump in 2018. The lifting took effect on 1 January 2022. The deal is feared to have adverse impacts on South Korea's exports of steel and aluminium products, as it is likely to boost the volume of the EU's steel imports to the US.</p><p>In 2018, the US waived the tariffs on South Korean steel products, but it was in return for a yearly import quota of 2.63 million tonnes of steel, or 70% of Seoul's average steel products export volume over the past three years.</p>
<p>South Korea's Trade Minister Mr Yeo Han-koo, in a meeting with US Trade Representative Ms Katherine Tai during held lat week in Washington, has called on the US to swiftly begin talks to revise the Section 232 tariff rules on South Korean steel exports</p><p>The push came as US decided in October 2021 to lift import tariffs on European steel and aluminium imposed by former President Donald Trump in 2018. The lifting took effect on 1 January 2022. The deal is feared to have adverse impacts on South Korea's exports of steel and aluminium products, as it is likely to boost the volume of the EU's steel imports to the US.</p><p>In 2018, the US waived the tariffs on South Korean steel products, but it was in return for a yearly import quota of 2.63 million tonnes of steel, or 70% of Seoul's average steel products export volume over the past three years.</p>
