Post #5684

🇰🇷🇺🇸US unlikely to increase tariffs on South Korea, Seoul official says South Korea's Industry Minister Kim Jung-kwan on Sunday said the US is ​unlikely to slap higher tariffs on South ‌Korea should the Korean parliament move swiftly to implement investment legislation sought by the US next ​week as scheduled. Seoul has been in talks ​with Washington after US President Donald Trump ⁠threatened to hike tariffs on goods imported ​from South Korea to 25%, blaming a ​delay in the Asian ally's enactment of commitments to invest $350 billion in the US as agreed in a ​trade deal last year. South Korea's ruling ​Democratic ⁠Party will hold a vote on March 12 to pass a special bill to make investments in ⁠the ​US under the trade ​deal between the countries, the party's floor leader said on ​Wednesday. #SouthKorea#USA @asianomics