USD officials responding "positively" to tariff waiver - South Korean Presidential Office

Comments coming from the South Korean Presidential Office regarding trade and the new US tariffs on steel and aluminum.

Key highlights:

  • S. Korean national security director Chung Eui-yong asked for a waiver on steel tariffs during discussions at the White House regarding North Korea. 
  • S. Korea notes there was a "positive reaction" by US officials on the matter.
  • So far the US has expressed a willingness to grant exemptions to everyone that has asked for one.
  • Unclear what the exemptions would be based on.
  • Stiff retaliation expected from countries that don't get an exemption.

 

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